Drivers and households should prepare for a small uptick in fuel prices in the first pricing window of March 2026, as petrol and diesel are expected to rise marginally at the pumps.
The Chamber of Petroleum Consumers (COPEC) says that petrol could increase by around 3.6%, diesel by 1.5%, while LPG might actually become slightly cheaper, dropping by about 1.6%.
These adjustments reflect shifts in global crude oil prices and international Free On Board (FOB) costs, even as the Ghanaian cedi strengthened slightly against the dollar. Global crude edged up from $70.90 to $71.79 per barrel, while the cedi appreciated by roughly 0.24% in the same period.
For petrol, COPEC notes that the international FOB price rose from $652.64 to $685.27 per metric ton. After factoring in the modest currency gain, retail prices are expected to fall between GHS11.8 and GHS13 per liter, depending on location and market adjustments. Diesel follows a similar trend, with the FOB price climbing to $711.86 per metric ton, pushing expected pump prices to GHS12.73–GHS14 per liter.
Meanwhile, households that rely on LPG might catch a small break. The FOB price of LPG dipped slightly from $508.77 to $503.59 per metric ton, and combined with the cedi’s slight appreciation, retail prices are projected to fall marginally to between GHS11.48 and GHS12.69 per kilogram.
Despite these changes being relatively modest, COPEC urged oil marketing companies to exercise restraint and avoid overburdening consumers, stating:
“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.”
