Petroleum prices are expected to record marginal increases at the pumps from Tuesday, September 1, 2026, the Chamber of Petroleum Consumers (COPEC) has projected.
According to COPEC, the anticipated increases will affect petrol, diesel and liquefied petroleum gas (LPG) prices during the first pricing window of September.
In a statement issued on Sunday, August 30, COPEC said its projection was based on movements in international petroleum prices and the performance of the Ghana cedi against the US dollar.
Although global crude oil prices declined marginally from $90.41 to $89.30 per barrel, the international Free on Board (FOB) price of petrol increased by 10%, from $1,033.15 per metric tonne to $1,136.50.
COPEC estimates that petrol could sell at an average retail price of GH¢16.21 per litre, representing a 5% increase from the current mean price of GH¢15.43 per litre.
The chamber expects petrol prices to range between GH¢15.40 and GH¢17.02 per litre, within a ±5% margin of its projection.
Diesel
For diesel, COPEC projects a retail pump price of GH¢17.61 per litre, representing a 2.58% increase from the current mean price of GH¢17.17.
The projected increase comes despite a marginal decline in the international FOB price of diesel from $1,251.19 to $1,250.50 per metric tonne.
COPEC expects diesel to sell between GH¢16.73 and GH¢18.49 per litre within a ±5% range of its projection.
LPG prices
LPG prices are also expected to increase marginally, with COPEC projecting a retail price of GH¢14.19 per kilogramme.
The chamber attributed the projected increase to a 2.64% rise in the international FOB price of LPG, from $596 to $611 per metric tonne.
It expects LPG to sell between GH¢13.48 and GH¢14.90 per kilogramme within a ±5% margin.
COPEC also noted that the Ghana cedi appreciated by 2.39% against the US dollar, moving from an average interbank rate of GH¢11.800 to the dollar at the beginning of the current pricing window to GH¢11.5166 at its close.
In view of the expected increases, COPEC has appealed to the government to extend its subsidy intervention beyond the August deadline until global petroleum benchmarks return to normal levels.
The chamber also urged Oil Marketing Companies (OMCs) to maintain their current ex-pump prices for diesel to help ease the burden on consumers.
