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Fuel prices set to rise significantly in August first pricing window — COPEC warns
July 29, 2026
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Fuel prices set to rise significantly in August first pricing window — COPEC warns

Money
Policy
Growth

Key Points

  • Fuel prices are projected to increase significantly from Saturday, 1 August 2026, due to rising global crude oil prices and a depreciation of the Ghana cedi.
  • The Chamber of Petroleum Consumers (COPEC) forecasts increases for petrol, diesel, and LPG in the first pricing window of August.
  • Petrol prices are estimated to rise by 9.36% to an average of GH¢15.95 per litre, driven by a 12.58% increase in FOB price and cedi depreciation.
  • Diesel is expected to see a 10.78% increase to GH¢19.45 per litre, following a 24.84% jump in its FOB price.
  • LPG prices are also projected to increase by about 12.24% in FOB price, leading to an estimated GH¢13.80 per kilogramme, with COPEC urging government intervention to cushion consumers.

Why This Matters

This projected significant increase in fuel prices is critical for Ghana as it will inevitably lead to higher transportation costs, impacting the cost of goods and services across all sectors. This will exacerbate inflationary pressures, further straining household budgets and potentially slowing economic activity, making it harder for the average Ghanaian to afford basic necessities.

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