Prices of petroleum products are set to increase marginally from February 16, 2026.
That is according to the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides pricing decisions for oil marketing companies and was sighted by Joy Business.
This marks the second time fuel prices are projected to rise, largely due to the depreciation of the Ghanaian cedi and rising prices of finished petroleum products and crude oil.
The cedi has come under pressure since January 1, 2026, driven by increased demand from businesses restocking for the year and multinational companies making foreign transfers in line with dividend payments.
The Bank of Ghana’s January economic and financial data shows that the cedi depreciated by about 4 per cent against the US dollar during the period.
However, data secured from some commercial banks showed that the cedi depreciated against the dollar by some 4.16 per cent.
credit:myjoyonline
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