Petroleum product prices in Ghana will increase slightly starting March 1, 2026, according to the latest pricing outlook from the Chamber of Oil Marketing Companies (COMAC). This report, which guides oil marketing companies’ decisions and was reviewed by Joy Business, marks the third fuel price hike since January.
The uptick stems mainly from surging international crude oil prices and rises in finished petroleum products. However, the cedi’s recent appreciation against major currencies cushioned the blow checks show it strengthened from GHS 11.09 to GHS 11.04 per US dollar (a 0.45% gain) during the March 1 Databank pricing window. Databank’s report links this to broader sub-Saharan African currency gains amid sustained US dollar weakness.
Projected Changes
Petrol: Up 2.89% to GHS 12.04 per litre.
Diesel: Up 0.86% to GHS 13.22 per litre.
LPG: Down marginally to GHS 13.87 per kilogram the first drop this year.
Not all major oil companies may adjust prices immediately from March 1, depending on market conditions.
Key Drivers
Crude oil prices hover near a seven-month high of about $71 per barrel for Brent, fueled by speculation over potential US military action against Iran. Analysts warn prices could climb to $100 per barrel. Finished products showed mixed trends: petrol up 4.58%, gas up 1.66%, and LPG down 1.05%.
Story by: Mercy Addai Turkson#ahotorfmonline.com