Consumers may have to adjust their budgets again as fuel prices are projected to rise in the first pricing window of March 2026.
The Chamber of Petroleum Consumers has indicated that petrol and diesel prices are likely to record marginal increases at the pumps, while LPG could see a slight drop.
“Petroleum prices beginning the 1st window of March 2026 are expected to see some marginal increments across the pumps,” COPEC said in its latest projections.
According to the chamber, petrol is expected to increase by 3.59 per cent, with prices likely to range between GHS11.8 per litre and GHS13 per litre within a five per cent margin of error.
Diesel is projected to go up by 1.52 per cent, selling between GHS12.73 per litre and GHS14 per litre.
COPEC attributed the expected hikes to movements in global crude oil and Free On Board prices.
“With the international FOB price of petrol increasing from $652.64 per metric tonne to $685.27 per metric tonne and a currency appreciation of about 0.24 per cent, the retail price of petrol works up to an increment of 3.59 per cent,” the chamber explained.
Global crude prices rose from $70.90 per barrel to $71.79 per barrel, despite the cedi appreciating slightly against the dollar.
LPG, however, may offer some relief, with prices projected to dip by 1.57 per cent, potentially selling between GHS11.48 per kilogram and GHS12.69 per kilogram.
COPEC has urged oil marketing companies to exercise restraint to avoid placing further burden on consumers already grappling with rising living costs.
