COPEC Projects Marginal Increases in Petrol and Diesel Pump Prices
The Chamber of Petroleum Consumers (COPEC) has projected marginal upward adjustments in petrol and diesel pump prices across Ghana when the second pricing window of July takes effect on 16 July 2026.
COPEC said the anticipated increases are driven by rising international prices for refined petroleum products combined with a slight weakening of the cedi against the US dollar, which depreciated by 0.56% over the pricing window. The Chamber of Petroleum Consumers projects a marginal upward adjustment in petrol and diesel pump prices. Credit: GOIL PLC
The projections come even as global crude oil prices eased, falling from $78 per barrel to $71.9 per barrel during the period. Fuel prices also eased at the beginning of July.
National Petroleum Authority Raises Price Floors
Fresh figures from the National Petroleum Authority (NPA) confirm that price floors have been revised upward for the second July pricing window across all three fuel products.
The petrol price floor has been adjusted to GH¢13.28 per litre, up from GH¢12.79 per litre in the first window, an increase of GH¢0.49 or 3.8%. The diesel price floor has risen more sharply, moving from GH¢13.54 per litre to GH¢14.35 per litre, a GH¢0.81 or 6.0% increase. The LPG price floor edged up from GH¢10.11 per kilogram to GH¢10.19 per kilogram, a modest GH¢0.08 or 0.8% adjustment.
International Market Trends and Fuel Supply
Renewed tensions in the Middle East involving the United States and Iran have pushed international crude prices higher, with Brent crude crossing above $80 per barrel. Analysts have cautioned that a sustained rise in global crude prices could intensify pressure on ex-pump fuel prices in Ghana, with the trajectory of the local currency also a key variable to watch in the coming weeks.
Fuel prices saw sustained increases in the wake of the US war on Iran. Iran effectively stopped tankers from using the Strait of Hormuz, the shipping lane between the Persian Gulf and the Gulf of Oman. The fuel price hike was being passed on to other services that Ghanaians depend on.
Original Article: Ghana Fuel Prices: Petrol to Increase From July 16, Price Floor Set at GH¢13.28 per litre — Com