Fuel Prices Expected to Increase Marginally from September 1 – COPEC

Petroleum prices at fuel stations across Ghana are expected to increase marginally from Tuesday, September 1, 2026, according to an analysis by the Chamber of Petroleum Consumers Ghana (COPEC).

The expected adjustment is likely to affect the prices of petrol, diesel and Liquefied Petroleum Gas (LPG).

COPEC attributed the projected increases primarily to changes in international petroleum product prices, despite a recent appreciation of the Ghana cedi against the United States dollar.

According to the Chamber’s assessment, the price of crude oil on the international market declined slightly from US$90.41 to US$89.30 per barrel during the current pricing window.

Over the same period, the Ghana cedi strengthened against the US dollar, with the average interbank exchange rate improving from GH¢11.800 to GH¢11.5166 per US dollar.

This represents an appreciation of approximately 2.39 per cent.

Despite the stronger cedi and the marginal decline in crude oil prices, COPEC explained that increases in the Free-On-Board (FOB) prices of refined petroleum products are expected to push pump prices upward.

Petrol is projected to sell at an average of about GH¢16.21 per litre, representing an estimated 5 per cent increase from the current mean pump price of GH¢15.43 per litre.

Diesel is also expected to increase to approximately GH¢17.61 per litre, translating into an estimated 2.58 per cent rise from the current mean price of GH¢17.17 per litre.

LPG prices are similarly projected to record a marginal increase, with COPEC estimating a new price of about GH¢14.19 per kilogramme.

If the projections materialise, motorists and households that rely on LPG could face higher fuel and cooking costs from the beginning of September.

However, actual pump prices may vary among Oil Marketing Companies (OMCs), depending on their individual pricing decisions and market conditions.