Omanghana
The Chamber of Petroleum Consumers Ghana has projected significant increases in fuel prices beginning Wednesday, September 16, 2026, following a sharp rise in international crude oil and refined petroleum product prices.
According to COPEC, the average price of petrol could increase by 4.24 per cent, moving from GH¢15.60 to approximately GH¢16.26 per litre.
Depending on the pricing decisions of individual Oil Marketing Companies, petrol could be sold within an estimated range of GH¢15.44 to GH¢17.08 per litre during the new pricing window.
Diesel is expected to record a steeper increase of about 10.23 per cent. Its average retail price could rise from GH¢17.30 to GH¢19.07 per litre, with projected pump prices ranging between GH¢18.12 and GH¢20.02.
Liquefied petroleum gas is projected to sell at an average of GH¢15.32 per kilograms. Retail prices could range from GH¢14.55 to GH¢16.08 per kilograms.
COPEC attributed the expected adjustments mainly to increases in global crude oil prices. Brent crude reportedly climbed from $89.30 to $103.07 per barrel during the pricing window.
Free On Board prices also increased across the major petroleum products imported into Ghana. Petrol rose by 10.08 per cent to $1,251.07 per metric tone, while diesel increased by 12.33 per cent to $1,404.73 per metric tone.
The FOB price of LPG recorded the largest increase, rising by 16.45 per cent to $712.43 per metric tone.
A slight appreciation of the Ghana cedi against the US dollar helped to reduce part of the expected price pressure. The local currency strengthened by approximately 0.29 per cent, moving from GH¢11.52 to GH¢11.48 to the dollar.
COPEC has urged the Ministry of Energy and the Ministry of Finance to introduce additional measures to protect consumers from the full effect of the global market increases.
The chamber proposed a GH¢1 subsidy on every liter of petrol while calling for the existing GH¢2-per-litre support on diesel to be maintained until international prices stabilize.
It also asked the government to accelerate expansion works at the Tema Oil Refinery. COPEC wants TOR’s refining capacity increased from 45,000 barrels to 100,000 barrels per day to reduce Ghana’s dependence on imported finished petroleum products.
Oil Marketing Companies were further encouraged to absorb part of the increase through their profit margins to prevent consumers from experiencing excessive price shocks at fuel stations.
The projected increases could raise transportation and production costs, placing further pressure on household expenditure and the prices of goods and services across the country.
Source: Omanghana
