Fuel prices to rise from September 1 – COPEC

The Chamber of Petroleum Consumers Ghana (COPEC) has announced that petroleum product prices are expected to rise marginally from Tuesday, September 1, 2026.

According to COPEC, the projected rise is mainly due to changes in the prices of refined petroleum products on the international market.

This is despite a recent appreciation of the Ghana cedi against the US dollar.

Ghana to issue new 4-year Treasury Bond in September 2026

COPEC said crude oil prices fell slightly from $90.41 to $89.30 per barrel during the current pricing window.

Meanwhile, in its recent analysis released on Sunday, August 30, 2026, it noted that the cedi had strengthened against the dollar, with the average interbank rate improving from GH¢11.800 to GH¢11.5166 per dollar.

“This represents an appreciation of about 2.39 per cent,” COPEC said.

However, the consumer group said changes in the Free-On-Board (FOB) prices of refined petroleum products were expected to push prices at the pumps higher.

Petrol is projected to sell at an average price of about GH¢16.21 per litre, representing a 5 percent increase from the current mean pump price of GH¢15.43.

COPEC also expects diesel prices to increase to about GH¢17.61 per litre.

The projected price represents an estimated 2.58 percent increase from the current mean price of GH¢17.17 per litre.

LPG prices are also expected to record a marginal increase.

COPEC estimates that LPG could sell at about GH¢14.19 per kilogramme from September 1, 2026,

“Despite the appreciation of the cedi and the marginal fall in crude oil prices, the changes in refined petroleum product prices are expected to result in higher pump prices,” COPEC said.

The group, however, noted that the actual prices consumers pay could vary depending on the prices set by individual Oil Marketing Companies (OMCs).

ANAS/EB

Technology will be key to improving air traffic management – President Mahama