Consumers should prepare for marginal increases in fuel prices in the first pricing window of March 2026, according to the Chamber of Petroleum Consumers (COPEC).
COPEC projects that petrol will increase by 3.59%, diesel by 1.52%, while liquefied petroleum gas (LPG) could decline by 1.57% at the pumps. The expected adjustments are driven mainly by movements in global crude oil and international Free On Board (FOB) prices, despite a slight appreciation of the cedi against the US dollar.
Global crude prices rose by about 1.25%, from $70.90 per barrel to $71.79, while the cedi strengthened marginally from GH¢11.0990 to GH¢11.0723 per dollar during the current pricing window.
For petrol, COPEC noted that the international FOB price increased by 5.03%, pushing projected retail prices to between GH¢11.8 and GH¢13.0 per litre within a ±5% margin. Diesel prices are also expected to edge up, with pump prices projected between GH¢12.73 and GH¢14.0 per litre.
LPG may offer slight relief, with projected prices ranging between GH¢11.48 and GH¢12.69 per kilogram, reflecting a small decline in international prices.
Despite the anticipated increases, COPEC urged Oil Marketing Companies to exercise restraint to avoid placing additional financial pressure on consumers.
The projected adjustments highlight the continued sensitivity of Ghana’s fuel prices to global market trends and currency movements.
