Fuel shock looms as petrol nears GH¢15.19, diesel GH¢17.85 from April 1

Fuel prices are set to rise sharply from April 1, 2026, with petrol and diesel expected to surge at the pumps. The Chamber of Oil Marketing Companies (COMAC) projects a litre of petrol could rise by 8.06% to about GH¢15.19. Diesel is projected to rise by 9.76%, pushing the price to around GH¢17.85 per litre. Liquefied Petroleum Gas (LPG) is also expected to increase marginally, with a litre likely to sell at about GH¢16.59.

This will be the fifth projected increase in fuel prices since January 2026, and the second time this year that consumers are facing such a steep hike. The price surge has been driven largely by developments on the global market. Crude oil prices climbed sharply from $86.55 per barrel to $109.66 per barrel. International petroleum product prices have also risen significantly, with LPG recording the highest jump at 36.90%, followed by diesel at 27.84% and petrol at 24.48%. The Ghana cedi weakened slightly against major currencies, moving from GH¢10.913 to GH¢11.050 to the US dollar, representing a 1.24% depreciation.

The National Petroleum Authority has revised its minimum price floors for the new pricing window. Petrol's price floor has been increased from GH¢11.57 to GH¢13.30 per litre, while diesel recorded the largest adjustment, rising from GH¢14.35 to GH¢17.10 per litre - a jump of GH¢2.75 within two weeks.