Climax TV
The Chamber of Petroleum Consumers (COPEC) has projected sharp increases in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG) from Wednesday, 16 September, the start of the second pricing window for the month.
COPEC expects petrol to rise by 4.24% to about GH¢16.26 per litre, while diesel could climb by 10.23% to roughly GH¢19.07 per litre. LPG is projected to increase as well, to approximately GH¢15.32 per kilogramme.
COPEC, a projection dated September 13, 2026, attributed the expected increases mainly to a sharp rise in international crude oil and refined petroleum product prices, which it said outweighed a marginal gain by the cedi.
According to the chamber, global crude oil prices rose from US$89.30 to US$103.07 per barrel during the period under review, while the average interbank exchange rate improved slightly, from GH¢11.5166 to GH¢11.4830 per US$1, a 0.29% appreciation of the cedi.
On petrol, COPEC said the international Free on Board (FOB) price rose from US$1,136.50 to US$1,251.07 per metric tonne, a 10.08% increase. After accounting for the cedi’s marginal gain, it projects a retail price of GH¢16.26 per litre, up 4.24% from the current mean price of GH¢15.60. Factoring in its usual ±5% margin, COPEC expects petrol to sell between GH¢15.44 and GH¢17.08 per litre in the new window.
Diesel is expected to see a sharper rise. Its FOB price increased from US$1,250.50 to US$1,404.73 per metric tonne, a 12.33% jump. COPEC projects this will push the retail price to GH¢19.07 per litre, a 10.23% increase from the current mean price of GH¢17.30.
