Fuel prices to rise in first pricing window of August – COPEC

The Chamber of Petroleum Consumers (COPEC) is predicting a marginal rise in petroleum prices in the first pricing window of the month of August 2023.

Indications are that pump prices of gasoline and diesel are likely to increase by about 9 percent over the current average price of GHS 11.90 per liter across the country.

The price of liquefied petroleum gas (LPG) is also expected to increase by 20 percent.

These increases, according to COPEC, are a result of an increase in the price of the products on the international market, as crude has increased by 10.53 percent from the mean price of $75.85 per barrel to $83.84 per barrel.

COPEC, therefore, projected retail figures for petroleum products in the next pricing window as follows:

Petrol: GHS13.27 per liter; Diesel: GHS13.93 per liter; Mean Price for Petrol and Diesel: GHS13.33 per liter; and LPG: GHS11.79 per kilogram.