Ghana Climbs to 15th in Africa for Lowest Fuel Prices Amid Rising Global Costs
Ghana has recorded an improvement in its standing among African countries with the lowest fuel prices, climbing to the 15th position as of April 2026.
Figures from globalpetrolprices.com show that petrol was retailing at US$1.303 per litre as of April 6, 2026, slightly up from the US$1.297 per litre observed in December 2025.
Diesel, in comparison, was selling at US$1.1553 per litre during the same period.
This development comes amid a general upward trend in fuel prices following the outbreak of conflict in the Middle East in late February 2026, with Brent crude oil trading at around US$95 per barrel.
On the continent, Libya remains the country with the lowest fuel prices at US$0.023 per litre, followed by Angola (US$0.327), Algeria (US$0.354), Egypt (US$0.439), and Sudan (US$0.700).
Conversely, Malawi ranks as the most expensive market for fuel in Africa, with prices at US$3.84 per litre. It is followed by Zimbabwe (US$2.23), Central African Republic (US$1.849), Sierra Leone (US$1.779), Senegal (US$1.618), and Rwanda (US$1.557), occupying the second through sixth positions.
Despite Ghana’s improved ranking, concerns persist regarding possible increases in domestic fuel prices.
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has cautioned that fuel prices may rise further in the near term, even in the face of a notable decline in global oil prices.
He indicated that industry projections point to a potential increase of about 10 percent in petrol prices, while diesel could see hikes ranging between 13 percent and 17 percent.
Meanwhile, the National Petroleum Authority (NPA) on April 1, 2026, introduced new minimum price thresholds for petroleum products, leading to an average increase of over 3 percent across all fuel categories.
Petrol prices climbed from GH¢11.57 to GH¢13.30 per litre, marking an increase of GH¢1.73. Diesel prices also rose from GH¢14.35 to GH¢17.10 per litre – a GH¢2.75 increment over the past two weeks – while Liquefied Petroleum Gas (LPG) inched up marginally from GH¢10.67 to GH¢10.71 per kilogram.
