Fuel prices set for sharp rise from Aug. 1 as crude oil surge, cedi weakness bite
Fuel prices are set for a sharp rise from Friday, August 1, as rising global crude oil prices and the depreciation of the Ghana cedi push up ex-pump prices. According to the latest pricing outlook by the Chamber of Oil Marketing Companies (COMAC), covering the August 1 to August 15, 2026 pricing window, all three major petroleum products are expected to record significant increases. Petrol is projected to increase by 7.58%, with a litre expected to sell at about GH¢15.23. Diesel is expected to record the biggest jump, rising by 12.50% to approximately GH¢17.45 per litre. Liquefied Petroleum Gas (LPG) is also projected to increase by 4.13%, with a kilogram expected to sell at around GH¢16.40.
Ahead of the new pricing window, the National Petroleum Authority (NPA) has announced revised price floors for petroleum products. The price floor for diesel has increased from GH¢14.35 to GH¢16.97 per litre. Petrol's price floor has also risen from GH¢13.28 to GH¢14.53 per litre. For LPG, the approved price floor is now GH¢11.06 per kilogram. The NPA reminded all Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) that they must not sell petroleum products below the approved price floors.
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Ghanaian motorists and consumers face significant price hikes for petroleum products starting August 1, driven by global crude oil surges and the
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