Fuel prices set to rise again from Sept 1; petrol could hit GH¢16.21 – COPEC
Petroleum prices at the pumps are expected to rise marginally from Tuesday, September 1, 2026, according to the Chamber of Petroleum Consumers Ghana (COPEC).
From September 1, 2026, petroleum prices at the pumps in Ghana are expected to slightly increase, according to the Chamber of Petroleum Consumers Ghana (COPEC). The price hikes are anticipated to impact petrol, diesel, and liquefied petroleum gas (LPG). COPEC attributes the adjustments primarily to fluctuations in international petroleum product prices, despite the Ghana cedi appreciating against the US dollar.
Global crude oil prices have slightly decreased from $90.41 to $89.30 per barrel during this pricing period, while the cedi has strengthened against the dollar, improving from GH¢11.800 to GH¢11.5166 per dollar, which is an increase of around 2.39%. Despite these positive developments, COPEC predicts that changes in the Free-On-Board (FOB) prices of refined petroleum products will result in higher pump prices.
Petrol is projected to cost about GH¢16.21 per liter, indicating an estimated 5% rise from the present average pump price of GH¢15.43. Diesel is also expected to increase to roughly GH¢17.61 per liter, representing an estimated 2.58% rise over the current average price of GH¢17.17 per liter. LPG is projected to see a minor increase, with COPEC estimating a price of approximately GH¢14.19 per kilogramme.
These projected adjustments indicate that motorists and LPG consumers may face higher costs at the pumps starting from September, depending on the prices set by individual oil marketing companies.
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