Fuel prices to hit 15 cedis or will go up to 20 cedis per liter or more after 15th March, 2026
The Chief Executive Officer (CEO) of the Chamber of Oil Marketing Companies, Dr. Riverson Oppong, has indicated that fuel prices are expected to stay stable until March 15, 2026, though increases are anticipated from March 16 through to the end of the month.
“We should not really expect an increase in fuel prices till March 15; however, from 16 to the end of March, there should be hikes,” he remarked.
Appearing on GBC’s Talking Point programme, Dr. Oppong elaborated that the international oil market is facing supply security challenges stemming from the ongoing conflict involving the US, Israel, and Iran, which is impacting nations such as Pakistan and Australia.
Nevertheless, Ghana is not anticipated to encounter fuel shortages, given that it primarily imports its fuel from Western suppliers rather than from the Middle East.
“Though the war is bringing supply security issues, Ghana does not have shortages in fuel yet as compared to Pakistan and Australia that have shortages.”
The US/Israel-Iran war commenced on February 28, 2026, with coordinated aerial assaults by Israel and the US on Iran, intended to achieve regime change. The situation intensified following the death of Iran’s Supreme Leader, Ali Khamenei, in the attacks. In response, Iran has launched retaliatory missile and drone assaults on Israel and US military installations in the region.
Editor:
Samuel Obiri-Yeboah
