Prices of petroleum products are expected to rise slightly from March 1, 2026, according to the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides pricing decisions of oil marketing firms. The report was sighted by Joy Business.

If implemented, this will be the third projected increase in fuel prices since the beginning of the year. The anticipated adjustment is largely attributed to rising crude oil prices on the international market and higher prices of finished petroleum products.

However, checks indicate that the increases could have been steeper but for the recent marginal appreciation of the Ghana cedi against major trading currencies over the past two weeks.

COMAC noted that during the March 1, 2026 Databank pricing window, the cedi strengthened from GHS 11.09 to GHS 11.04 per US dollar, representing a 0.45 percent gain.

In its market research report, Databank explained that the cedi’s recent appreciation mirrors gains recorded by other major sub-Saharan African currencies, supported by sustained weakness in the US dollar.

Expected price adjustments


COMAC’s projections indicate that petrol prices could rise by 2.89 percent to about GHS 12.04 per litre.

Diesel is expected to increase by 0.86 percent, with prices likely to hover around GHS 13.22 per litre.

Liquefied Petroleum Gas (LPG), however, is projected to record its first decline this year. From March 1, it is expected to sell at approximately GHS 13.87 per kilogramme.

Despite the projections, industry observers suggest that not all major oil marketing companies may immediately adjust prices from this weekend or from March 1, depending on prevailing market conditions.