Fuel prices across Ghana are set to rise sharply from today, March 16, 2026, as global crude oil prices climb and supply disruptions affect key international shipping routes.
The anticipated increase, outlined in the latest outlook by the Chamber of Oil Marketing Companies (COMAC), signals significant adjustments at the pumps. Petrol is projected to go up by 16.93 percent, diesel by 17.21 percent, and Liquefied Petroleum Gas (LPG) by 11.26 percent.
If fully implemented by oil marketing companies, petrol could sell for about GH¢14.32 per litre, while diesel may reach roughly GH¢16.10 per litre. This would mark the fourth projected fuel price hike since the start of 2026 and the first across all major petroleum products at such a steep margin.
COMAC attributes the looming increase mainly to surging global crude oil prices, fueled by escalating geopolitical tensions in the Middle East and disruptions along the Strait of Hormuz — a critical maritime route for global oil shipments. These challenges have tightened supply and driven international petroleum prices upward.
Recent data show international diesel prices jumping by as much as 43 percent, with petrol rising by 19.41 percent and LPG by 23.96 percent. Crude oil itself has climbed sharply, moving from around US$71.41 per barrel to approximately US$86.55 per barrel in mid-March.
As the new pricing window begins today, several oil marketing companies are expected to revise their pump prices accordingly. Industry observers will closely watch major players, whose pricing decisions often influence the rest of the market.
Meanwhile, the National Petroleum Authority (NPA) has introduced new minimum price floors for the second pricing window of March, covering March 16 to March 31. The minimum price for petrol has been raised from GH¢10.46 to GH¢11.57 per litre, while diesel has jumped from GH¢11.42 to GH¢14.35 per litre. LPG has also increased from GH¢9.38 to GH¢10.67 per kilogram.
The regulator has directed all fuel and LPG marketers to comply with the revised benchmarks, stressing that no company will be allowed to sell below the approved minimum prices during the period. The Authority noted that the price floors do not include premiums charged by international suppliers or the operational margins of bulk distributors and marketers.
With the new thresholds in place, companies currently selling below the benchmark will be required to adjust prices upward, a move likely to deepen the cost burden on households, transport operators, and businesses already grappling with rising living expenses.
Fuel prices across Ghana are set to rise sharply from today, March 16, 2026, as global crude oil prices climb and supply disruptions affect key international shipping routes.
The anticipated increase, outlined in the latest outlook by the Chamber of Oil Marketing Companies (COMAC), signals significant adjustments at the pumps. Petrol is projected to go up by 16.93 percent, diesel by 17.21 percent, and Liquefied Petroleum Gas (LPG) by 11.26 percent.
If fully implemented by oil marketing companies, petrol could sell for about GH¢14.32 per litre, while diesel may reach roughly GH¢16.10 per litre. This would mark the fourth projected fuel price hike since the start of 2026 and the first across all major petroleum products at such a steep margin.
COMAC attributes the looming increase mainly to surging global crude oil prices, fueled by escalating geopolitical tensions in the Middle East and disruptions along the Strait of Hormuz a critical maritime route for global oil shipments. These challenges have tightened supply and driven international petroleum prices upward.
Recent data show international diesel prices jumping by as much as 43 percent, with petrol rising by 19.41 percent and LPG by 23.96 percent. Crude oil itself has climbed sharply, moving from around US$71.41 per barrel to approximately US$86.55 per barrel in mid-March.
As the new pricing window begins today, several oil marketing companies are expected to revise their pump prices accordingly. Industry observers will closely watch major players, whose pricing decisions often influence the rest of the market.
Meanwhile, the National Petroleum Authority (NPA) has introduced new minimum price floors for the second pricing window of March, covering March 16 to March 31. The minimum price for petrol has been raised from GH¢10.46 to GH¢11.57 per litre, while diesel has jumped from GH¢11.42 to GH¢14.35 per litre. LPG has also increased from GH¢9.38 to GH¢10.67 per kilogram.
The regulator has directed all fuel and LPG marketers to comply with the revised benchmarks, stressing that no company will be allowed to sell below the approved minimum prices during the period. The Authority noted that the price floors do not include premiums charged by international suppliers or the operational margins of bulk distributors and marketers.
With the new thresholds in place, companies currently selling below the benchmark will be required to adjust prices upward, a move likely to deepen the cost burden on households, transport operators, and businesses already grappling with rising living expenses.
