Petrol, Diesel, LPG Prices Set to Rise by Up to 17% from March 16 – COMAC
Global oil price surge and Middle East tensions push fuel costs higher in Ghana
- Petrol prices projected to increase by 16.93%
- Diesel expected to rise by 17.21%
- LPG projected to increase by 11.26%
- New fuel prices take effect March 16, 2026
Fuel prices in Ghana are expected to increase significantly from March 16, 2026, with petrol, diesel and liquefied petroleum gas (LPG) projected to rise by up to 17 percent.
According to the Chamber of Oil Marketing Companies (COMAC), petrol prices are expected to increase by 16.93 percent, diesel by 17.21 percent, and LPG by 11.26 percent during the upcoming pricing window.
The chamber attributed the projected hikes to rising global crude oil prices driven by escalating geopolitical tensions in the Middle East and disruptions to shipments through the strategic Strait of Hormuz, a key global oil transit route.
COMAC explained that these developments have tightened global oil supply, pushing international petroleum prices higher and placing upward pressure on fuel costs in importing countries such as Ghana.
Meanwhile, the National Petroleum Authority (NPA) has also announced an increase in the price floors for petroleum products for the second pricing window of March 2026, which takes effect on March 16.
The revised minimum ex-pump prices indicate notable increases across petrol, diesel and LPG compared with the first pricing window of the month.
Under the new price floors, petrol will sell at a minimum of GH¢11.57 per litre, up from GH¢10.46 per litre recorded between March 1 and March 15.
The minimum price for diesel has risen sharply to GH¢14.35 per litre, compared with GH¢11.42 per litre in the previous pricing window.
For LPG, the new floor price has increased to GH¢10.67 per kilogramme, up from GH¢9.38 per kilogramme earlier in the month.
Overall, the adjustments represent increases of GH¢1.11 for petrol, GH¢2.93 for diesel, and GH¢1.29 for LPG within the same month.
Industry analysts say the revised price floors are likely to translate into higher pump prices nationwide as oil marketing companies adjust their retail prices in line with global market trends.
