Fuel prices to go up marginally for first pricing window of September – COPEC

The Chamber of Petroleum Consumers (COPEC) has projected marginal increases in the prices of petrol, diesel and LPG for the first pricing window of September 2026, which begins on Tuesday, 1st September.

In a statement issued on Saturday, 30th August 2026, COPEC’s Executive Secretary, Duncan Amoah, said the increase was linked to global crude prices and cedi performance over the current window. The global crude price fell marginally from $90.41 to $89.30 per barrel, while the cedi appreciated slightly against the US dollar, moving from an average interbank rate of GHS11.80 to GHS11.52 to the dollar, a 2.39% gain.

On petrol, COPEC said the Free-on-Board (FOB) price rose from $1,033.15 to $1,136.50 per metric tonne, a 10% increase. Combined with the cedi’s appreciation, this is expected to push the retail price of petrol up by 5% to around GHS16.21 per litre, with prices expected to range between GHS15.40 and GHS17.02 per litre.

Diesel’s FOB price dropped marginally, from $1,251.19 to $1,250.50 per metric tonne. However, factoring in the cedi’s appreciation, COPEC projected the retail pump price would still rise by 2.58% to about GHS17.61 per litre, with prices expected to range between GHS16.73 and GHS18.49 per litre.

For LPG, the international FOB price rose from $596 to $611 per metric tonne, a 2.64% increase. COPEC projected the retail price would edge up to about GHS14.19 per kilogram, with prices expected to range between GHS13.48 and GHS14.90 per kilogram.

COPEC appealed to the government to extend its fuel subsidy intervention beyond the August deadline until global price benchmarks stabilise. The chamber also called on Oil Marketing Companies (OMCs) to maintain the current ex-pump price of diesel to ease the burden on consumers.