By Ashiadey Dotse
Motorists and other petroleum consumers could pay more for fuel from Thursday, October 1, 2026, as the Chamber of Petroleum Consumers (COPEC) projects increases in petrol, diesel and LPG prices.
COPEC projects diesel to record the biggest increase, with its price projected to rise by 22.91% from GH¢18.24 to GH¢22.42 per litre.
Petrol prices are also expected to go up by 5.21%, from GH¢16.90 to GH¢17.78 per litre.
The Chamber attributed the expected increases mainly to a rise in international petroleum prices and a slight depreciation of the Ghana cedi against the US dollar.
In a statement signed by its Executive Secretary, Duncan Amoah and issued on Tuesday, September 29, 2026, COPEC said the price of crude oil rose from $103.07 to $124 per barrel during the pricing window.
The cedi, meanwhile, depreciated by about 1.20% against the dollar, moving from an average interbank rate of GH¢11.4830 to GH¢11.6211.
COPEC said the international FOB price of petrol also increased by 4.26%, from $1,251.07 to $1,304.39 per metric tonne.
It projects petrol prices to range between GH¢16.89 and GH¢18.67 per litre.
Diesel’s FOB price increased by 8.51%, from $1,404.73 to $1,524.22 per metric tonne, with pump prices expected to range between GH¢19.40 and GH¢21.44 per litre.
LPG prices are also expected to increase to GH¢15.68 per kilogramme after its international FOB price rose from $712.43 to $777.59 per metric tonne.
COPEC projects LPG prices to range between GH¢14.89 and GH¢16.48 per kilogramme.
The Chamber is appealing to Oil Marketing Companies to absorb part of the expected increases by reducing some of their margins to lessen the impact on consumers.
COPEC has also called for an expansion of the Tema Oil Refinery, urging the government to increase its refining capacity from 45,000 barrels per day to 100,000 barrels per day.
It says increasing local refining capacity could help Ghana reduce its dependence on imported finished petroleum products.
