Accra: Prices of petrol and diesel are expected to increase from Wednesday, September 16, 2026, following a sharp rise in international crude oil and refined petroleum product prices, the Chamber of Petroleum Consumers (COPEC) has projected.
According to Ghana Web, COPEC expects petrol to rise by 4.24 percent to about GHS16.26 per litre, while diesel could increase by 10.23 percent to approximately GHS19.07 per litre during the second pricing window of September. Liquefied Petroleum Gas (LPG) is also projected to record an increase, with COPEC estimating a price of about GHS15.32 per kilogramme.
In its pricing projection dated September 13, 2026, COPEC reported that international crude oil prices rose from US$89.30 to US$103.07 per barrel during the period under review. The increase in global oil prices came despite a marginal appreciation of the Ghana cedi against the US dollar.
According to COPEC, the average interbank exchange rate improved from GHS11.5166 to GHS11.4830 per US$1, representing a marginal 0.29 percent appreciation of the cedi. COPEC noted that the international Free on Board (FOB) price of petrol increased from US$1,136.50 to US$1,251.07 per metric tonne, representing a 10.08 percent increase.
After factoring in the marginal appreciation of the cedi, the chamber projects that petrol could sell at an average retail price of GHS16.26 per litre from Wednesday. This would represent a 4.24 percent increase from the current mean price of GHS15.60 per litre. Based on its projection and an estimated ±5 percent range, COPEC expects petrol prices to fall between GHS15.44 and GHS17.08 per litre during the next pricing window.
Diesel is expected to record a sharper increase. COPEC indicated that the FOB price of diesel rose from US$1,250.50 to US$1,404.73 per metric tonne, representing a 12.33 percent increase. After taking into account the marginal appreciation of the cedi, COPEC projects an average retail pump price of GHS19.07 per litre for diesel in the next pricing window. The projected price would represent a 10.23 percent increase from the current mean price of GHS17.30 per litre.
The expected increases, if implemented by oil marketing companies, would add to the cost of fuel for motorists and could have wider implications for transport and other businesses that rely heavily on petroleum products.