Fuel prices in Ghana are expected to rise sharply from April 1, 2026, with petrol, diesel, and liquefied petroleum gas (LPG) all projected to record significant increases at the pumps.
According to the latest outlook report by the Chamber of Oil Marketing Companies, a litre of petrol is expected to go up by 8.06 per cent to about GH¢15.19, while diesel could rise by 9.76 per cent to approximately GH¢17.85 per litre.
LPG is also projected to see a marginal increase, with prices likely to reach around GH¢16.59 per litre.
The anticipated adjustment will mark the fifth fuel price increase since January 2026 and the second major hike this year, deepening concerns about the rising cost of living.
The development is expected to trigger fresh calls from transport operators for upward adjustments in fares, as they seek to pass on the increased cost of fuel to commuters.
Industry analysts attribute the surge largely to developments on the global market. Crude oil prices have climbed significantly, rising from 86.55 dollars per barrel to 109.66 dollars per barrel amid escalating geopolitical tensions in the Middle East and supply uncertainties along key shipping routes such as the Strait of Hormuz.
International petroleum product prices have also recorded steep increases. LPG saw the highest jump at 36.90 per cent, followed by diesel at 27.84 per cent and petrol at 24.48 per cent.
In a directive to oil marketing companies, the National Petroleum Authority has urged strict compliance with the newly established price floors under the Petroleum Products Pricing Guidelines.
The Authority, however, clarified that the projected prices exclude additional premiums from international oil traders, as well as margins set by bulk distributors and retail marketers, which are determined independently.
With the latest projections pointing to sustained upward pressure, consumers and businesses are expected to feel the impact, as rising fuel costs continue to ripple through transportation, food prices, and overall economic activity.
Source: Wesleyannews.com
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