Friday, 27 February

COPEC projects marginal fuel price changes for early March 2026

Business
Fuel pump

Consumers should expect slight adjustments in fuel prices in the first pricing window of March 2026, according to the Chamber of Petroleum Consumers (COPEC).

COPEC forecasts that petrol prices will rise by 3.59%, retailing between GHS11.8/L and GHS13/L, while diesel is set to increase by 1.52%, selling between GHS12.73/L and GHS14.0/L. 

Liquefied Petroleum Gas (LPG), on the other hand, may see a slight decline of 1.57%, with prices expected between GHS11.48/kg and GHS12.69/kg.

The projected changes are driven by international market movements, including a marginal 1.25% rise in global crude prices and increases in Free On Board (FOB) prices for petrol and diesel, despite a 0.24% appreciation of the cedi.

LPG prices are declining slightly due to a small drop in FOB prices.

COPEC urged Oil Marketing Companies (OMCs) to exercise restraint and avoid overburdening consumers with these marginal adjustments, highlighting the continued sensitivity of local fuel prices to global trends.

Source: classfmonline.com