Petroleum product prices have risen at the pumps for the second pricing window of September.

The price of petrol at Star Oil has increased from GH¢15.17 to GH¢16.77 per litre as of Wednesday, September 16, representing an increase of about 10.5%.

The price of diesel has increased by 4.71%, from GH¢16.97 to GH¢17.77 per litre.

Meanwhile, the Group Chief Executive of GOIL, Edward Bawa, has noted that “studying the latest developments and assessing different scenarios before deciding on its next pricing move.”

He added, “That in as much as we need to at least cover our costs, we need to ensure that our actions also go to ameliorate, what do you call it, the effects of increases in prices for them”.

According to the Chamber of Petroleum Consumers (COPEC), the increase is due to a surge in global crude oil prices.

Just before Brent crude crossed the $100 per barrel mark on September 9, 2026, it had been trading steadily in the mid‑$90s range. On September 1, 2026, Brent closed at about $96.02 per barrel, reflecting a gradual climb from earlier weeks.

By September 8, 2026, the price had inched higher to roughly $97.92 per barrel, signalling mounting pressure in global oil markets.

The following morning, on September 9, 2026, Brent crude surged to $100.45 per barrel, breaking the symbolic threshold for the first time since July.

This sharp rise was driven largely by geopolitical tensions in the Middle East, which amplified concerns about supply disruptions and pushed prices upward.

Speaking during a Citi Business interview, the Executive Secretary of COPEC, Duncan Amoah, indicated that any impact on local fuel prices would not be felt immediately, as changes in global crude oil prices usually take some time to reflect across the refining and importation chain.

He said motorists could, however, see an adjustment from September 16, when the second pricing window for the month begins.

“On this occasion, what is likely going to happen is that it will not take effect now, but most likely you could have some adjustment in prices by the 16th, which is the second window in September,” he explained.

The Executive Secretary of COPEC warned that a further rise in fuel prices could increase the financial burden on consumers, particularly with market and importation premiums already high.

He said the combination of rising crude oil prices and elevated premiums could result in motorists paying more for petrol at the pumps.

“What this means is that you are probably most likely going to pay a little more for petrol in Ghana, not forgetting the fact that market premiums and then, of course, importation premiums are high,” he added.

Duncan Amoah also addressed the decision by transport operators to keep fares unchanged despite developments in the petroleum market.

While describing the decision as a relief for commuters, he raised concerns about the ability of transport operators to maintain existing fares if fuel prices continue to rise.

“Clearly for me, that is good news that they are deciding not to increase first. Except that the question will be how long they can sustain their operations if prices of petroleum products were to go up again,” he remarked.