Fuel prices in Ghana are expected to rise from today, November 17, as Oil Marketing Companies (OMCs) begin adjusting pump prices following the latest two-week petroleum pricing review. Data from the Chamber of Oil Marketing Companies (COPEC) points to a projected increase of between 1 percent and 4 percent per litre across major fuel products.
Some OMCs have indicated that they will adjust prices immediately, while others prefer to monitor market reactions before making changes.
According to COPEC’s Pricing Outlook Report, the anticipated upward adjustments are mainly driven by rising crude oil prices on the international market. In mid-November 2025, crude prices climbed by 2.95 percent, moving from 62.82 dollars to 64.67 dollars per barrel. The increase has been linked to renewed global tariff tensions, the ongoing United States government shutdown, and fresh sanctions placed on Russian oil.
This global trend has pushed up the prices of major petroleum products. Petrol rose by 3.85 percent, diesel surged by 12 percent, and LPG increased by 6.97 percent. Although the Ghanaian cedi appreciated slightly within the current pricing window, the gains were not enough to offset the upward pressure on global fuel prices. COPEC reports that the cedi strengthened from 11.12 Ghana cedis to 10.94 Ghana cedis to the dollar, representing a 1.57 percent improvement.
Industry projections suggest that petrol could retail at around 13.15 Ghana cedis per litre, while diesel may rise to about 13.60 Ghana cedis. LPG is also expected to see price increases of up to 3.53 percent.
Despite the expected hikes, COPEC data shows that earlier in November, some OMCs reduced prices by as much as 12 percent, giving Ghana one of its most significant fuel price drops this year.
