The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has attributed the projected increase in fuel prices to external market forces beyond Ghana’s control.
According to a report by Citi Newsroom, ex-pump prices for petrol, diesel, and liquefied petroleum gas (LPG) are expected to rise by 1.97 per cent, 2.73 per cent, and 3.26 per cent, respectively, in the next pricing window.
Analysts say the anticipated hikes are largely driven by the cedi’s depreciation against major trading currencies and rising international petroleum product prices.
Speaking on Channel One Newsroom on February 14, 2026, Mr. Amoah explained that global price movements and exchange rate pressures are the primary triggers.
“We are dealing with international factors or dynamics. What you have is a situation where the international market has gone up slightly. Petrol did about 4%, diesel did 5%, and LPG 6%. We also have the cedi nose down a little by GH¢1. If you put the two together, you will clearly not have the same price. So, we will pay more by Monday, unfortunately,” he said.
He noted that although international prices increased by 4–6 per cent, local adjustments may be slightly moderated.
“When you look at the numbers, instead of getting between 3–6%, you might get the market do between 2–3%. But whatever happens, the market will not be able to hold without adjusting upwards. As of Friday, what the market was buying, they were buying a bit higher in anticipation of the price hike,” he added.
Mr. Amoah stressed that the market would inevitably respond to these external pressures, with increases likely to fall within the 2–4 per cent range.
The projected upward adjustment is expected to have ripple effects on transport fares and the general cost of living if implemented in the coming days.
Source: citinewsroom.com
