By: Joyce Owusu
August 31, 2026
Tuesday, September 1, 2026, may witness a marginal increase in Fuel prices with petrol projected to rise to about GH¢16.21 per litre, according to the Chamber of Petroleum Consumers Ghana (COPEC). The projected adjustment is expected to affect petrol, diesel and liquefied petroleum gas (LPG), potentially increasing transportation and household energy costs.
According to a Joy News report, COPEC attributed the expected increases largely to movements in international refined petroleum product prices, despite a recent appreciation of the Ghana cedi against the US dollar. Its assessment of the current pricing window indicates that the international price of crude oil declined marginally from US$90.41 to US$89.30 per barrel. At the same time, the Ghana cedi strengthened against the dollar, with the average interbank exchange rate improving from GH¢11.800 to GH¢11.5166 to the US dollar.
The development represents an appreciation of about 2.39 per cent and would ordinarily help moderate the local cost of imported petroleum products. However, COPEC said changes in the Free-On-Board (FOB) prices of refined petroleum products are expected to outweigh the benefit from the cedi’s appreciation and translate into higher pump prices. Petrol is projected to increase to approximately GH¢16.21 per litre, up from the current mean pump price of GH¢15.43. The projected price represents an estimated five per cent increase.
Diesel is also expected to rise to about GH¢17.61 per litre, compared with the current mean price of GH¢17.17 per litre. That amounts to an estimated increase of 2.58 per cent. LPG prices are similarly expected to edge higher, with COPEC projecting a price of approximately GH¢14.19 per kilogramme. The anticipated adjustments could increase fuel-related expenses for motorists, commercial transport operators and households that depend on LPG for cooking. The actual prices consumers will pay from September 1, however, will depend on the pricing decisions of individual oil marketing companies.
The projected increases come despite the fall in crude oil prices and the strengthening of the cedi during the pricing window, highlighting the influence of refined petroleum product prices and other components of the domestic fuel pricing structure on pump prices. Consumers are therefore expected to see varying prices across different filling stations once the new pricing window takes effect.
#LPG, #Petrol, #Diesel, #Fuel Price Increase
