Business News of 2026-09-13
Petrol to hit GH¢16.26, diesel GH¢19.07 from September 16 – COPEC projects
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.
COPEC expects petrol to rise by 4.24 percent to about GH¢16.26 per litre, while diesel could increase by 10.23 percent to approximately GH¢19.07 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 GH¢15.32 per kilogramme.
In its pricing projection dated September 13, 2026, COPEC said 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 GH¢11.5166 to GH¢11.4830 per US$1, representing a marginal 0.29 per cent appreciation of the cedi.
Petrol
COPEC said 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 per cent increase.
After factoring in the marginal appreciation of the cedi, the chamber projects that petrol could sell at an average retail price of GH¢16.26 per litre from Wednesday.
That would represent a 4.24 percent increase from the current mean price of GH¢15.60 per litre.
Based on its projection and an estimated ±5 per cent range, COPEC expects petrol prices to fall between GH¢15.44 and GH¢17.08 per litre during the next pricing window.
Diesel
Diesel is expected to record a sharper increase. COPEC said the FOB price of diesel rose from US$1,250.50 to US$1,404.73 per metric tonne, representing a 12.33 per cent increase.
After factoring in the marginal appreciation of the cedi, COPEC projects an average retail pump price of GH¢19.07 per litre for diesel in the next pricing window.
The projected price would represent a 10.23 per cent increase from the current mean price of GH¢17.30 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.
MA
