By Francis Kobena Tandoh
Prices of petrol and diesel in Ghana are expected to rise from March 1, 2026, while Liquefied Petroleum Gas (LPG) is projected to decline marginally, according to the Chamber of Oil Marketing Companies (COMAC).
COMAC says the anticipated increase in petrol and diesel prices is largely driven by the recent depreciation of the cedi against major international currencies, rising global crude oil prices, and adjustments in import-related costs.
Industry projections indicate that petrol prices could increase by between 2 and 5 per cent, while diesel may rise by 1.5 to 4 per cent at the pumps. This could translate into an average increase of GH¢0.30 to GH¢0.60 per litre, depending on the pricing structure of individual Oil Marketing Companies (OMCs).
In contrast, LPG prices are expected to decline slightly by 1 to 3 per cent, largely due to favourable international product prices and improved supply conditions.
COMAC noted that local pump prices remain highly sensitive to movements in global crude prices, exchange rate fluctuations, port charges, and government levies. The chamber urged consumers to anticipate minor adjustments across various fuel outlets starting in March.
The development comes at a time when households and transport operators are already grappling with rising living and operational costs, raising concerns about the possible impact on transport fares and general commodity prices.
OMCs are expected to announce their new prices at the beginning of the March pricing window. Enditem
Source: Ghana Eye Report
Share Us
