Petrol to rise by 3.59%, diesel 1.52% in the first week of March

By
Makay
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Fuel pump

The Chamber of Petroleum Consumers (COPEC) have announced that Ghanaians must brace themselves as the first pricing window of March 2026 will see an increase in petroleum prices.

According to COPEC projections, petrol is set to rise by 3.59%, with diesel rising by 1.52%.  

COPEC, in a statement, stated, “Petroleum prices beginning the 1st window of March 2026, are expected to see some marginal increments across the pumps. Petrol is expected to go up marginally by 3.59%, Diesel by 1.52% whiles LPG could witness a decline of -1.57% across various pumps respectively.”

“Global Crude price has seen a marginal increase of about 1.25%, that is an increase from $70.90/barrel to $71.79/barrel.”

COPEC stressed that the cedi, however, “witnessed a marginal appreciation against the Dollar to close trading from an average interbank rate of $1:GHS11.0990 at the start of the current window to $1:GHS11.0723 (0.24%) as of the close of window.”

For petrol, COPEC justified that “With the international FOB price of petrol increasing from $652.64/MT to $685.27/MT (5.03%) and a currency appreciation of about 0.24%, the retail price of petrol works up to an increment of 3.59%.”

“the retail price of Petrol is expected to be selling between GHS11.8/L and GHS13/L, within a ±5% range of COPEC’s projection.”

“In the same manner, with the International FOB price of diesel increasing from $695.94/MT to $711.86MT (2.29%) and the cedi’s appreciation averages of 0.24%, the projected retail pump price for diesel in the next window shall work up to an increment of 1.52%.”

 “Diesel is thus expected to increase marginally with retail price selling between GHS12.73/L and GHS14.0/L within a ±5% range of COPEC’s projection.”

“With the international FOB price of LPG decreasing from $508.77MT to $503.59/MT (-1.5%) and the cedi’s appreciation of about 0.24%, the projected retail price of LPG is expected to decline marginally by -1.57%. Within ±5% error, LPG is expected to be selling between GHS11.48/kg and GHS12.69/kg.”

“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”. COPEC added.

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