COPEC Warns of Marginal Fuel Price Hikes Starting September 1

Petroleum prices in Ghana are expected to rise marginally from September 1, 2026, according to projections by the Chamber of Petroleum Consumers Ghana (COPEC).

The expected adjustments affect petrol, diesel, and liquefied petroleum gas (LPG), with the projected increases attributed largely to movements in international petroleum product prices.

Despite a recent appreciation of the Ghana cedi against the US dollar, COPEC's analysis indicates that global crude oil prices declined marginally during the current pricing window, falling from $90.41 per barrel to $89.30 per barrel.

The Ghana cedi recorded an appreciation against the US Dollar, with the average interbank exchange rate improving from $1 to GH¢11.800 at the beginning of the current pricing window to $1 to GH¢11.5166 at the close of the window, representing an appreciation of approximately 2.39%.

COCOPE's projection puts the expected retail price of petrol at approximately GH¢16.21 per litre, representing an estimated 5 percent increase over the current mean pump price of GH¢15.43 per litre.