Consumers should prepare for higher fuel costs in Ghana’s first pricing window of March 2026, as petroleum prices are projected to climb marginally at pumps nationwide.
The Chamber of Petroleum Consumers (COPEC) forecasts these changes, stating that petrol will rise by 3.59%, diesel by 1.52%, and LPG will dip by 1.57%.
Global crude prices edged up 1.25%, from $70.90 per barrel to $71.79 per barrel, while international Free On Board (FOB) prices shifted. The cedi offered some buffer, appreciating 0.24% against the dollar—from an average interbank rate of $1:GHS11.0990 to $1:GHS11.0723.
For petrol, the FOB price jumped 5.03% (from $652.64/MT to $685.27/MT). Factoring in the cedi’s gain, retail prices should land between GHS11.8/L and GHS13/L (±5% of COPEC’s projection).
Diesel follows suit, with its FOB price up 2.29% (from $695.94/MT to $711.86/MT). Expect retail prices between GHS12.73/L and GHS14.0/L (±5%).
LPG bucks the trend, as its FOB price fell 1.5% (from $508.77/MT to $503.59/MT), yielding a 1.57% drop. Retail prices are projected at GHS11.48/kg to GHS12.69/kg (±5%).
COPEC urges oil marketing companies to hold prices steady and avoid overburdening consumers. These marginal hikes underscore local fuel prices’ vulnerability to global markets.
Story by: Mercy Addai Turkson#ahotorfmonline.com