Fuel prices to go up marginally for first pricing window of September – COPEC

The Chamber of Petroleum Consumers (COPEC) predicts slight increases in fuel prices for September 2026, starting on September 1st. Executive Secretary Duncan Amoah said the rise is due to global crude prices and the cedi's performance against the US dollar. The global crude price dropped from $90.41 to $89.30 per barrel, while the cedi appreciated by 2.39%, from GHS11.80 to GHS11.52 to the dollar.

Petrol's FOB price increased from $1,033.15 to $1,136.50 per metric tonne, a 10% rise. This, with the cedi's gain, could push petrol's retail price up by 5% to around GHS16.21 per litre, ranging between GHS15.40 and GHS17.02 per litre. Diesel's FOB price fell slightly from $1,251.19 to $1,250.50 per metric tonne, but the cedi's gain still led to a 2.58% increase in the retail pump price, to about GHS17.61 per litre, between GHS16.73 and GHS18.49 per litre.

LPG's international FOB price increased from $596 to $611 per metric tonne, a 2.64% rise. COPEC expects the retail price to climb to about GHS14.19 per kilogram, between GHS13.48 and GHS14.90 per kilogram. COPEC urged the government to prolong its fuel subsidy until global prices stabilize and asked OMCs to keep diesel's current ex-pump price to lessen the impact on consumers.