Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Fuel Prices Set for Another Hike as Global Crude Oil Costs Rise

Guavy AI Editorial Team
Instruments
Oil
Share

The Chamber of Oil Marketing Companies (COPEC) has warned that sustained increases in global crude oil prices may lead to further hikes in fuel prices at the pumps. According to COPEC's CEO, Dr. Riverson Oppong, oil marketing companies have no choice but to pass on higher costs to consumers.

COCOP projects a 7.58% increase in petrol prices from August 1, 2026, while diesel prices are expected to record the steepest increase of about 12.50%. This development is attributed to the rising global crude oil prices.

More on Commodities

Commodities 1m ago

Asia-Pacific EV Charging Materials Market Set for Explosive Growth

Commodities 2m ago

Oil Majors Reap Big Profits as Gas Prices Soar

Commodities 2m ago

Amazon Boosts US Stocks Amid Inflation Worries

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy