Fuel Prices in Ghana to Rise from September 16: Diesel Up 9.4%, Petrol 4%, LPG 7.6% – COPEC

Ghanaians should brace for another round of fuel price hikes from Tuesday, September 16, 2025, as the second pricing window opens. The Chamber of Petroleum Consumers (COPEC) has projected steep increases across major petroleum products, citing the continued depreciation of the cedi against the US dollar.

According to COPEC’s forecast, petrol prices will jump by 3.98%, diesel will soar by 9.41%, and liquefied petroleum gas (LPG) is set to climb by 7.65%. This means petrol is expected to retail at an average of GHS13.61 per litre, up from GHS13.09. Diesel could rise to GHS14.08 per litre from the current GHS13.32, while LPG is projected to sell at an average of GHS12.52 per kilogram.

COPEC attributes the increases largely to a sharp depreciation of the Ghana cedi, which weakened by 8.62% during the current pricing window, moving from GHS11.03 to GHS12.07 against the US dollar. This currency slide, the chamber said, has effectively wiped out any benefit from the marginal drop in global crude oil prices, which fell by 0.52% from $67.67 to $67.32 per barrel.

Duncan Amoah, Executive Secretary of COPEC, urged Oil Marketing Companies (OMCs) to consider absorbing part of the anticipated increases by cutting their margins, so as not to overburden consumers. “It is our expectation that the various OMCs will try to absorb some portions of these upward adjustments in order not to overburden the consumer with these expected steep pricing adjustments,” he said in a statement.

The projected hike is expected to affect transport fares, household expenses, and businesses already grappling with rising costs. Analysts warn that unless the cedi stabilises or global crude oil prices fall significantly, Ghana’s fuel consumers could continue to see frequent price adjustments in the coming months.

source: punch