The Chamber of Petroleum Consumers (COPEC) has announced that fuel prices are expected to rise, with petrol rising to an average of GH¢16.26 per litre, while diesel could sell at GH¢19.07 per litre from Wednesday, September 16.
COPEC, in a statement, projected a 4.24% increase in petrol prices from the current average of GH¢15.60 per litre.
They further disclosed that Diesel is expected to record a steeper 10.23% increase, rising from an average of GH¢17.30 to GH¢19.07 per litre.
COPEC, in a statement, stated, “PETROL TO GO UP BY 4.24%, DIESEL BY 10.23% AND LPG TO SELL AT 15.32/KG IN THE SECOND WINDOW OF SEPTEMBER 2026.
Petroleum prices beginning Wednesday, the 16th of September 2026 are expected
to see some significant increments across the pumps.
Analysis of Projection;
Global Crude price went up significantly from $89.30/barrel to $103.07/barrel
whilst the Cedi witnessed a marginal appreciation against the US dollar to close
trading from an average interbank rate of $1:GHS11.5166 at the start of the
current window to $1:GHS11.4830(0.29%) as of the close of window.
Below are the detailed descriptions.
1. PETROL
FOB price of petrol increased from $1136.50/MT to $1251.07/MT (10.08%). With a
currency appreciation of about 0.29%, the retail price of petrol works up to Ghc16.26/L
representing 4.24% increase of the current mean price of Ghc15.60/L.
Thus, the retail price of Petrol is expected to be selling between GHS15.44/L and
GHS17.08/L, within a ±5% range of COPEC’s projection.
2. DIESEL
The FOB price of diesel moved up significantly from $1250.50//MT to $1404.730
(12.33%) and the cedi’s appreciation of 0.29%, the projected retail pump price for diesel
in the next window shall work up to Ghc19.07, representing a 10.23% increase of the
current mean price of Ghc17.30/L. Thus, diesel is expected to sell within a range of
3. LPG
With the international FOB price of LPG increasing significantly from $611.75/MT to
$712.43/MT (16.45%) and the cedi’s appreciation of about 0.29%, the projected retail
price of LPG is expected to increase significantly and be sold at Ghs15.32/kg. Thus, within
±5% error, LPG is expected to be selling between GHS14.55/kg minimum and
GHS16.08/kg maximum.
In conclusion, COPEC would like to appeal to the government to extend its subsidy
intervention beyond the first window of September by giving consumers of petrol a
Ghc1/L relief while continuing with the Ghc2/L on diesel until global benchmarks return
to normalcy.
Most importantly, government should speedily facilitate the expansion works at the
Tema Oil Refinery (TOR) to move from the current 45,000 barrels per day refining
capacity to 100,000 barrels per day. We believe this will go a long way in reducing our
reliance on imported finished petroleum products.
Again, it is the expectation of COPEC that OMCs will shelve some of their margins in
order not to overburden consumers in the face of these expected steep prices”.
@ghnow_ Hon. Alan Kyeremanten spotted at the funeral of Mrs Alice Serwaa Manu #GHNow #fyp ♬ original sound – GHnow
@ghnow_ Former President Nana Akufo-Addo and his wife, Rebecca Akufo-Addo, arrive at the funeral to pay their respects to the late Mrs. Alice Serwaa Manu. #GHNow #fyp ♬ original sound – NDCMUSICHQ
