The Chamber of Petroleum Consumers (COPEC) says fuel prices at the pump are set to rise sharply in the second pricing window of September, driven by a surge in international crude and refined product costs.

In a projection dated September 13, 2026, COPEC said global crude oil prices climbed from $89.30 to $103.07 per barrel during the review period.

Petrol's international Free on Board (FOB) price rose from $1,136.50 to $1,251.07 per metric tonne, a 10.08% jump pushing the projected local retail price to GH¢16.26 per litre, up from a current mean of GH¢15.60. COPEC expects petrol to trade between GH¢15.44 and GH¢17.08 per litre, based on a ±5% range.

Diesel is expected to see a steeper rise. Its FOB price increased 12.33%, from $1,250.50 to $1,404.73 per metric tonne, translating to a projected pump price of GH¢19.07 per litre, up 10.23% from the current GH¢17.30 mean. Liquefied Petroleum Gas (LPG) is also projected to climb, expected to retail at around GH¢15.32 per kilogramme.

COPEC attributed the increases largely to rising international crude and refined petroleum product prices, noting the hikes come despite a marginal strengthening of the cedi. The chamber said the local currency improved from an average interbank rate of GH¢11.5166 to GH¢11.4830 per US dollar over the pricing window, a 0.29% appreciation, but this was not enough to offset the scale of the global price increases.

Ghana's fuel prices are reviewed twice monthly, adjusting for shifts in international crude and refined product costs alongside cedi performance. The projected increases mark one of the sharper adjustments in recent pricing windows, with diesel's rise more than double that of petrol. The new prices, if confirmed by Oil Marketing Companies, take effect Wednesday, September 16, 2026.