Marginal Fuel Price Adjustments Expected in Early March, According to COPEC
The Chamber of Petroleum Consumers (COPEC) has released its latest projections, indicating that fuel prices are set to experience slight changes in the first pricing window of March 2026. Here's a breakdown of the anticipated adjustments:
Petrol Prices: COPEC predicts a 3.59% increase in petrol prices, with consumers likely paying between GH¢11.8 per litre and GH¢13 per litre. This forecast reflects the global market dynamics, including a marginal 1.25% rise in global crude prices.
Diesel Prices: Diesel prices are expected to rise by 1.52%, ranging from GH¢12.73 per litre to GH¢14.0 per litre. The increase is attributed to the upward trend in Free On Board (FOB) prices for diesel, despite the 0.24% appreciation of the cedi.
Liquefied Petroleum Gas (LPG) Prices: LPG prices may witness a slight decline of 1.57%, with prices falling within the range of GH¢11.48 per kg to GH¢12.69 per kg. This decrease is primarily due to a small drop in FOB prices for LPG.
COPEC emphasizes the importance of restraint from Oil Marketing Companies (OMCs) to avoid overburdening consumers with these marginal adjustments. The organization highlights the ongoing sensitivity of local fuel prices to global market trends, urging companies to remain mindful of the impact on consumers.
These projections provide valuable insights for consumers and businesses alike, allowing them to plan and adjust their budgets accordingly. As always, it's essential to stay informed about fuel price fluctuations to make informed decisions and manage expenses effectively.
