Fuel prices in Ghana are expected to record marginal increases from Tuesday, September 1, 2026, with petrol, diesel and liquefied petroleum gas (LPG) all projected to become more expensive, according to the Chamber of Petroleum Consumers Ghana (COPEC).
COPEC’s latest assessment indicates that the expected increases will be driven mainly by changes in the international prices of refined petroleum products, despite a recent appreciation of the Ghana cedi against the US dollar.
COPEC projects that the average retail price of petrol could increase to about GH¢16.21 per litre in the next pricing window.
That would represent an estimated 5 percent increase from the current mean pump price of GH¢15.43 per litre.
The projected adjustment could translate into higher fuel costs for motorists from September 1 if oil marketing companies revise their pump prices in line with prevailing market conditions.
According to COPEC’s projections, diesel could sell at approximately GH¢17.61 per litre, compared with the current mean pump price of GH¢17.17 per litre.
The projected increase represents about 2.58 percent.
LPG price also set to rise
Liquefied petroleum gas (LPG) is expected to follow the same upward trend.
COPEC projects that LPG could be sold at approximately GH¢14.19 per kilogramme during the next pricing window.
The adjustment would add to household and commercial energy costs, particularly for consumers who rely heavily on LPG for cooking and other activities.
The projected fuel price increases come despite two developments that would ordinarily provide some relief at the pumps: a marginal decline in global crude oil prices and an appreciation of the Ghana cedi.
COPEC’s analysis shows that crude oil prices fell from US$90.41 per barrel to US$89.30 per barrel during the current pricing window.
Over the same period, the Ghana cedi strengthened against the US dollar. The average interbank exchange rate improved from GH¢11.800 to the US dollar at the beginning of the window to GH¢11.5166 at its close.
This represents an appreciation of approximately 2.39 percent.
COPEC said movements in the Free-On-Board (FOB) prices of refined petroleum products are expected to translate into higher retail prices in the coming pricing window.
