Fuel prices in Ghana are expected to increase significantly from March 16, 2026, with petrol projected to rise by 16.93 percent and diesel by 17.21 percent, according to a pricing outlook report by the Chamber of Oil Marketing Companies (COMAC). The report, sighted by JoyBusiness, indicates that Liquefied Petroleum Gas (LPG) will also record an increase of about 11.26 percent.
Based on the projections, the price of petrol could reach about GH¢14.32 per litre, while diesel may sell for around GH¢16.10 per litre at the pumps. Industry observers say the expected adjustments represent one of the sharpest price movements recorded so far in 2026.
The anticipated price hike is largely attributed to rising global crude oil prices. Recent geopolitical tensions in the Middle East and disruptions to key oil shipping routes, including the Strait of Hormuz, have tightened global supply and pushed international petroleum prices upward.
In response to the market developments, the National Petroleum Authority (NPA) has also revised the minimum price floors for petroleum products for the second pricing window of March, effective from March 16 to March 31. Under the new thresholds, petrol cannot be sold below GH¢11.57 per litre, while diesel cannot be priced below GH¢14.35 per litre.
Oil marketing companies are therefore expected to adjust their pump prices upward to comply with the revised pricing guidelines. Analysts note that the development could have broader implications for transportation costs, business operations, and the general cost of living across the country.
Source: MyJoyOnline (JoyBusiness)
Reporter: JoyBusiness Desk
