Fuel prices across Ghana are expected to record marginal increases in the first pricing window of March 2026, with petrol and diesel projected to go up slightly while LPG may see a modest decline.
This is according to projections released by the Chamber of Petroleum Consumers (COPEC) on February 25, 2026.
In a statement signed by its Executive Secretary, Duncan Amoah, COPEC indicated that “petroleum prices beginning the 1st window of March, 2026 are expected to see some marginal increments across the pumps.”
COPEC’s analysis shows that the international Free-On-Board (FOB) price of petrol rose by 5.03%, increasing from $652.64 per metric tonne to $685.27 per metric tonne.
Despite a marginal appreciation of the cedi — which strengthened by about 0.24% from an average interbank rate of $1:GHS11.0990 to $1:GHS11.0723 — the projected retail price of petrol is expected to increase by 3.59%.
“Thus, the retail price of Petrol is expected to be selling between GHS11.8 per litre and GHS13 per litre, within a ±5% range of COPEC’s projection,” the statement noted.
Diesel prices are also projected to increase, albeit moderately. The international FOB price of diesel went up by 2.29%, rising from $695.94 per metric tonne to $711.86 per metric tonne.
Taking into account the slight appreciation of the cedi, COPEC projects a 1.52% increase at the pumps.
“Diesel is thus expected to increase marginally with retail price selling between GHS12.73 per litre and GHS14.0 per litre within a ±5% range of COPEC’s projection,” the statement said.
In contrast, Liquefied Petroleum Gas (LPG) may offer some relief to consumers. The international FOB price of LPG declined by 1.5%, from $508.77 per metric tonne to $503.59 per metric tonne.
With the marginal strengthening of the local currency, LPG prices are projected to drop by 1.57%.
“Within ±5% error, LPG is expected to be selling between GHS11.48 per kilogramme and GHS12.69 per kilogramme,” COPEC indicated.
While acknowledging the projected increases, COPEC urged Oil Marketing Companies (OMCs) to exercise caution in their pricing decisions.
“In conclusion, it is the expectation of COPEC that the various Oil Marketing Companies would maintain prices across the pumps in order not to overburden the consumer with these expected increments in the coming window,” Mr Amoah stated.
The first pricing window of March is expected to take effect in the coming days, with consumers closely monitoring pump adjustments amid ongoing global crude price fluctuations.
