Fuel prices may stay high despite easing global tensions – COPEC

He said other factors, including rising global demand, higher premiums and logistics costs, could continue to put pressure on prices at the pumps. His comments come amid renewed increases in petroleum prices in Ghana, with the latest pricing window taking effect on Wednesday, September 16, 2026. The National Petroleum Authority (NPA) raised the minimum price of petrol to GH¢16 per litre and diesel to GH¢16.77 per litre. Dangote IPO: What Ghanaian investors need to know Speaking in an interview on JoyNews on Wednesday, September 17, 2026, Amoah said the current pressure on fuel prices was not solely linked to geopolitical developments and could persist as demand increases during the winter season. “Prices will continue to go up. The only unfortunate bit is that at this point, we are also going to have to deal with the premiums, the increased premiums, the logistics costs that continue to be high,” he said. He explained that the expected increase in demand for diesel during the winter period could add to pressure on the international petroleum market. According to him, prices could therefore remain elevated even if some of the geopolitical challenges ease. Amoah also said the combination of higher premiums and logistics costs was becoming an important factor in Ghana’s fuel pricing situation, as the country remains exposed to developments in the international petroleum market. He called for greater attention to local refining as a way of reducing some of the costs associated with importing refined petroleum products. He said local refining could “eliminate some of the additional costs incurred when refined petroleum products are imported at higher premiums.” According to him, strengthening domestic refining could reduce Ghana’s exposure to some of the additional costs involved in buying finished petroleum products from the international market. AI Adoption: Businesses must solve real problems, not chase trends – Carlos Amoako Source: GhanaWeb (https://www.ghanaweb.com/GhanaHomePage/business/Fuel-prices-may-stay-high-despite-easing-global-tensions-COPEC-2052600)