Fuel prices in Ghana are expected to rise marginally from February 16, 2026, according to the latest pricing outlook by the Chamber of Oil Marketing Companies (COMAC).

The projected increases would mark the second upward adjustment in recent weeks and are largely attributed to the depreciation of the Ghanaian cedi and higher international prices for crude oil and refined petroleum products.

Since January 1, 2026, the cedi has weakened due to heightened foreign exchange demand from businesses restocking for the year and multinational firms making dividend-related transfers.

Data from the Bank of Ghana show the currency depreciated by about 4 percent against the US dollar in January, with some commercial bank figures indicating a 4.16 percent decline.

Based on COMAC’s projections, petrol prices could increase by up to 1.97 percent to around ¢11.97 per litre, diesel by 2.73 percent to approximately ¢13.09 per litre, and liquefied petroleum gas (LPG) by 3.26 percent to about ¢13.93 per kilogram.

However, the Chamber noted that an oversupply of refined petroleum products on the local market may temper the impact, potentially resulting in only marginal changes at the pumps.

Strong competition among oil marketing companies may also lead some retailers to delay or limit price adjustments.

International market trends are also contributing to the outlook, with crude oil prices rising by more than 5 percent to nearly $70 per barrel. Prices of finished products have climbed as well, including petrol (up 4.17 percent), gas oil (5.57 percent), and LPG (6.18 percent).

COMAC added that it has received assurances from the central bank regarding efforts to maintain price stability while supporting economic growth.

Meanwhile, the chamber has reminded oil and LPG marketing companies to comply with price floors set under the National Petroleum Authority (NPA) guidelines. These include minimum prices of ¢10.24 per litre for petrol, ¢11.34 for diesel, ¢9.43 per kilogram for LPG, ¢10.45 for marine gas oil, and ¢9.21 for kerosene, excluding applicable premiums and margins.