Executive Secretary of Chamber of Petroleum Consumers (COPEC) Duncan Amoah has said they are projecting an increase in fuel prices at the pumps from the second pricing window.
According to COPEC Executive Secretary, the recent surge in Brent crude oil prices, which has crossed the $100 per barrel mark, will likely feed into local petroleum prices, which begin on September 16.
He noted that the impact is unlikely to be immediate, as crude oil price changes generally take several days to transmit through the refining and importation chain.
Duncan Amoah noted that the situation could place additional pressure on consumers, particularly because petroleum marketers are already facing high market and importation premiums, which could lead to fresh fuel price hikes.
Speaking on Citi Business News interview, Duncan Amoah stated, “It’s one of the indicators that likely prices for the next window will be a little up or higher for the Ghanaian market”.
“On this occasion, what is likely going to happen is that it will not take effect now, but most likely you could have some adjustment in prices by the 16th, which is the second window in September,” Duncan Amoah explained.
“What this means is that you are probably most likely going to pay a little more for petrol in Ghana, not forgetting the fact that already market premiums and then, of course, importation premiums are high,” he added.
Also, Duncan Amoah commented on the decision by transport operators to maintain existing fares; he noted that the decision is positive for commuters in the short term but questioned how long operators can sustain their services if fuel prices rise further.
“Clearly for me, that is good news that they are deciding not to increase first. Except that the question will be how long can they sustain their operations if prices of petroleum products were to go up again,” he remarked.
The development comes just days after the Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC) announced, through a joint statement, plans to suspend the increase in public transport fares.
According to the two transport bodies, the decision follows engagement with the Ministry of Transport on Tuesday, September 8, 2026.
The unions disclosed that they presented a proposal for an upward adjustment in fares; however, the government’s GH¢2.00 per litre intervention on diesel prompted further assessment of the actual impact of fuel costs on transport operations.
In a statement, the two transport bodies assured the public that existing approved public transport fares remain unchanged as consultations on a possible fare review continue.
In a press release dated Tuesday, September 8, the transport operators stated, “The leadership of the Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC) wishes to update the general public, our cherished passengers, drivers, station masters and transport owners on the ongoing engagement with the Ministry of Transport on the review of public transport fares for the 2026 fare window.
Consultations formally commenced at a meeting held with the Hon. Minister for Transport and his technical team in Accra on Tuesday, 8th September 2026. The meeting was held in the spirit of the long-standing social partnership between Government and Transport Operators, and in recognition of our shared responsibility to keep Ghana moving safely, reliably and affordably.
At the meeting, the Unions presented a proposal for an upward review of public transport fares. Government, on its part, briefed the Unions on prevailing macroeconomic conditions, ongoing measures to stabilise the Ghana cedi, and, in particular, the GH$ 2.00 per litre intervention on the price of diesel, which is intended to cushion transport operators and the travelling public.
Both parties acknowledged the value of the fuel intervention and agreed that its full impact on operating Costs, together with the proposal for fare increment, requires further engagement before any determination is made on fares. In this regard, no decision to adjust transport fares has been taken.
To ensure that the eventual outcome is fair in the best interest of both operators and the travelling public, a Team comprising representatives of the Ministry of Transport, the GPRTU and the GRTCC has been formed to review all cost inputs. The outcome of this exercise will be communicated to the general public in due course.
We wish to reassure the public that existing approved fares remain in force across the country. We therefore urge all our members, drivers, station masters and transport owners to maintain the current approved fares until further notice.
We further urge all drivers, station masters, transport owners and the travelling public to remain calm, orderly and cooperative as the process runs its full course”.
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