Consumers and businesses across the country are bracing for a significant hike in fuel prices, with a new projection indicating that petrol and diesel could become 15% more expensive at the pumps starting next month.
The forecast, released by the Centre for Energy and Maritime Security (CEMSE), points to a sharp increase beginning in April 2026. The anticipated rise is expected to add substantial pressure on transportation costs, food prices, and the overall cost of living.
The report comes amid ongoing debates regarding fuel taxation in the country. The minority in parliament has recently renewed calls for the government to scrap the GH¢1 fuel levy, arguing that the existing tax burden on petroleum products is a primary driver of the rising prices. The Minority is demanding the levy’s immediate removal to provide relief to consumers.
Conversely, the Ministry of Energy has maintained that the government will account for the GH¢1 fuel levy in line with the Energy Sector Levies (ESLA) Act. Officials have sought to reassure the public, stating that the country’s fuel supply remains stable despite concerns over the cumulative effect of taxes on final pump prices.
Industry stakeholders have also weighed in on the supply situation. The Bulk Oil Storage and Transportation (BOST) Company and the Bulk Oil Distributors have described the nation’s fuel supply as stable, even as they acknowledge the mounting fiscal pressures on the sector.
The 15% projection from CEMSE, if realized, would mark one of the most substantial single-period increases in recent months, with consumers and transport operators expected to feel the impact immediately as the new month begins.
