Fuel prices are set to increase again in the first pricing window of March, with petrol going up by 3.59 per cent and diesel by 1.52 per cent, according to projections by the Chamber of Petroleum Consumers (COPEC).

The latest forecast indicates that motorists across Ghana should prepare to pay more at the pumps beginning March 1. The projected hikes follow a marginal rise in international benchmark prices for refined petroleum products during the review period.

COPEC explained that the increase in global Free On Board (FOB) prices for petrol and diesel largely accounts for the expected adjustment. Although the Ghanaian cedi has shown some stability against the US dollar in recent weeks, it has not been strong enough to offset the upward pressure from the international market.

Petrol is expected to sell between approximately GH¢11.80 and GH¢13.00 per litre, while diesel could range from GH¢12.73 to GH¢14.00 per litre, depending on the pricing strategies of Oil Marketing Companies (OMCs).
In contrast, Liquefied Petroleum Gas (LPG) may offer slight relief to consumers, with prices projected to dip by about 1.57 per cent during the same window.

Fuel prices in the country are reviewed twice monthly under the deregulation policy supervised by the National Petroleum Authority. While COPEC provides projections based on market indicators, the final pump prices are determined by OMCs within guidelines set by the regulator.
The anticipated increase is likely to have ripple effects on transportation fares and the general cost of goods and services, as fuel remains a key driver of economic activity. Consumers and transport operators are therefore bracing for the impact as the new pricing window takes effect.