Petrol Prices to Hit GH¢16.26 on September 16, COPEC warns of higher prices

• COPEC has forecast a rise in fuel prices beginning Wednesday, September 16, 2026, driven by surging global crude oil costs
• Petrol could climb by over 4 percent while diesel faces a steeper hike of more than 10 percent at the pump
• International crude oil prices jumped from US$89.30 to US$103.07 per barrel during the period under review

Ghana's fuel costs are set to climb again, with the Chamber of Petroleum Consumers (COPEC) forecasting notable price increases for petrol, diesel, and LPG from Wednesday, September 16, 2026.

In a pricing projection released on September 13, 2026, COPEC attributed the expected increases to a sharp jump in international crude oil and refined petroleum product prices. Crude oil rose from US$89.30 to US$103.07 per barrel during the review period, pushing up costs across the board despite a slight strengthening of the Ghana cedi against the US dollar.

Petrol and LPG to increase on September 16

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On the petrol front, COPEC recorded a 10.08 per cent rise in the international Free on Board (FOB) price, which moved from US$1,136.50 to US$1,251.07 per metric tonne.

Taking into account the cedi's marginal 0.29 per cent appreciation, with the average interbank exchange rate shifting from GH¢11.5166 to GH¢11.4830 per US dollar, the chamber projects an average retail price of GH¢16.26 per litre for petrol.

That figure represents a 4.24 per cent increase from the current mean of GH¢15.60 per litre. Within an estimated range of plus or minus five per cent, petrol could sell anywhere between GH¢15.44 and GH¢17.08 per litre.

Liquefied Petroleum Gas (LPG) is also expected to become more expensive, with COPEC estimating a new price of approximately GH¢15.32 per kilogramme in the same pricing window.

Diesel faces the sharpest hike

Diesel is projected to record the steepest increase of the three products. The FOB price climbed from US$1,250.50 to US$1,404.73 per metric tonne, a 12.33 per cent jump.

After accounting for the cedi's slight gains, COPEC estimates the average retail pump price for diesel will rise to GH¢19.07 per litre, up from the current mean of GH¢17.30.

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That amounts to a 10.23 per cent increase and is the most significant single-product adjustment in the chamber's latest projections.

Should oil marketing companies implement the projected changes, motorists across Ghana are likely to feel the pinch at the pump from mid-week.

Businesses that depend heavily on petroleum products, particularly in the transport sector, could also face higher operating costs as a result of the anticipated adjustments.

COPEC predicts 5% fuel rise

Earlier, YEN.com.gh wrote about Ghana’s projected fuel price increases from September 1, 2026.

COPEC expects petrol, diesel and LPG prices to rise despite a stronger cedi and lower global crude oil prices.

The projected changes could push petrol to GH¢16.21 per litre and diesel to GH¢17.61 per litre.

The increase is being driven by higher refined petroleum product prices, potentially raising transport and household costs nationwide.

Source: YEN.com.gh