COPEC projects diesel up 22.91% and petrol up 5.21% from 1 October

Pinned summary · as of 15:28

The Chamber of Petroleum Consumers (COPEC) expects diesel to cost 22.91% more and petrol 5.21% more when the first pricing window of October opens on Thursday, 1 October 2026. Its Executive Secretary, Duncan Amoah, signed the statement issued on Tuesday, 29 September.

What we know

• COPEC's forecast puts the average pump price of petrol at GH₵17.78 a litre, up from GH₵16.90. For diesel it forecasts GH₵22.42, up from GH₵18.24.
• The chamber expects LPG to retail at GH₵15.68 per kilogramme, reflecting a 9.10% jump in the world Free on Board (FOB) price of the gas, which reached $777.59 a tonne against $712.43 before.
• COPEC gives bands around each central figure of roughly 5%: for petrol the low and high ends are GH₵16.89 and GH₵18.67, for diesel GH₵19.40 and GH₵21.44, and for LPG GH₵14.89 and GH₵16.48.
• COPEC gives two main reasons: crude oil climbing from $103.07 to $124 per barrel, and a cedi that slipped roughly 1.20% versus the dollar, as the average interbank rate went to GH₵11.6211 from GH₵11.4830.
• COPEC reports that the FOB price of petrol climbed 4.26% to $1,304.39 a tonne (it was $1,251.07), while diesel climbed 8.51% to $1,524.22 (it was $1,404.73).
• The chamber asked Oil Marketing Companies to take on part of the expected rise by cutting their margins. It also praised the government for keeping crude flowing to local refineries and pressed for a faster build-out of the Tema Oil Refinery, whose refining capacity stands at 45,000 barrels daily and which the chamber wants taken to 100,000, arguing that this would lessen reliance on imported refined products.

What's disputed / unconfirmed

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  All the price changes are projections by COPEC, a consumer lobby, and not official pump prices. None of the reports includes a response from fuel companies or the regulator.
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  Pulse Ghana said commercial transport fares went up 8% nationwide from Saturday, 26 September, after talks between the government and transport unions including the GPRTU and the GRTCC, covering trotros and shared taxis. No other report carries this claim.

Why it matters for Ghana

Diesel powers trucks, buses, generators and farm machinery, so a rise of the size COPEC projects would raise costs for transporters and traders moving food between regions and to markets in Accra, Kumasi and Tamale. Higher petrol prices hit commuters and okada and taxi operators, and a dearer LPG matters for households and food vendors who cook with it. Pulse Ghana's report of an 8% fare rise means many passengers have just started paying more to travel.