FUEL PRICES SET TO GO UP FROM SEPTEMBER 1

Ghanaian motorists and households could pay more for fuel from Tuesday, September 1, 2026, as petrol, diesel and liquefied petroleum gas (LPG) are projected to record price increases.

The Chamber of Petroleum Consumers Ghana (COPEC) projects that the price of petrol could rise to GH¢16.21 per litre, from the current average of GH¢15.43, representing an increase of about 5%.

Diesel is also expected to increase from GH¢17.17 to about GH¢17.61 per litre, while LPG could rise to approximately GH¢14.19 per kilogramme.

The projected increases come despite an appreciation of the Ghana cedi and a slight decline in global crude oil prices.

COPEC indicated that the cedi appreciated by about 2.39% during the pricing window, moving from GH¢11.80 to GH¢11.5166 to the US dollar.

Global crude oil prices also fell from $90.41 to $89.30 per barrel during the period. However, COPEC said the benefits of the stronger cedi and lower crude oil prices were outweighed by increases in the international prices of refined petroleum products.

Petrol is expected to record the biggest increase, with COPEC indicating that its international Free-On-Board (FOB) price rose by about 10%, from $1,033.15 to $1,136.50 per metric tonne.

If the projections materialise, consumers could face higher transport and fuel costs from the beginning of September.

However, the actual prices at fuel stations will depend on the prices set by individual Oil Marketing Companies (OMCs).

By Agnes Kusi