The Chamber of Petroleum Consumers (COPEC) has projected a significant increase in the prices of petroleum products at the pumps from Thursday, October 1, 2026.
According to COPEC’s projection, diesel prices could rise by 22.91%, while petrol prices are expected to increase by 5.21% under the next pricing window.
If the projected adjustments materialise, the price of petrol is expected to rise from the current GH¢16.90 to GH¢17.78 per litre, representing an increase of GH¢0.88 per litre.
Diesel, meanwhile, could record a much steeper increase, moving from GH¢18.24 to GH¢22.42 per litre. This represents an increase of GH¢4.18 per litre.
The projected adjustment would make diesel the petroleum product recording the largest increase during the upcoming pricing window.
The development is expected to attract attention from motorists, commercial transport operators and businesses that rely heavily on diesel for transportation and other operations.
A rise in fuel prices can also have broader implications for the cost of transportation and the distribution of goods and services, particularly where businesses pass increased fuel and logistics costs on to consumers.
COPEC’s projection comes ahead of the commencement of the new pricing window on October 1, when oil marketing companies are expected to review their pump prices in line with prevailing market conditions and other relevant pricing factors.
The projected figures, however, represent COPEC’s assessment of the expected changes and actual pump prices may vary among oil marketing companies depending on their pricing decisions and prevailing market conditions.
Consumers are therefore expected to monitor developments at fuel stations as the new pricing window takes effect on Thursday.
By 1960news.com
