By Ashiadey Dotse
The Chamber of Oil Marketing Companies (COMAC) has revealed that fuel prices in Ghana are expected to increase from September 1, 2026, mainly due to rising crude oil prices and higher prices of refined petroleum products on the international market.
COMAC made the projection in its outlook report covering expected price movements of petroleum products from September 1 to 16, 2026.
According to the report, petrol is expected to increase by about 4.80%, while diesel could rise by 2.10%.
Petrol is projected to sell at about GH¢16.39 per litre, while diesel could reach GH¢17.60 per litre. LPG, however, is expected to record a slight decrease of 0.93%, bringing its projected price to GH¢13.73 per kilogramme.
COMAC attributed the expected increases to developments on the international oil market.
The Chamber said average crude oil prices increased by 1.75%, from US$90.53 per barrel to US$92.11 per barrel.
Prices of refined petroleum products also increased, with petrol recording an 8.86% rise, diesel increasing by 5.51% and LPG by 3.31%.
Despite the rise in global oil prices, the Ghanaian cedi appreciated by 3.64% against the US dollar during the period under review, reaching GH¢11.3697 to US$1, based on average bank rates.
COMAC said the cedi’s appreciation reversed three consecutive pricing windows of depreciation and marked its strongest level since June 2026.
However, the stronger cedi is not expected to fully offset the impact of higher global crude oil and refined petroleum product prices.
COMAC added that government and industry interventions would continue to help moderate the increase in diesel prices.
With more than 200 oil marketing companies operating in Ghana, some fuel stations are expected to adjust their prices as early as 6 a.m. on September 1, while others may wait to monitor market competition before changing their pump prices.
