Petrol prices in Ghana are expected to decline by up to 3.35% per litre from November 1, 2026, while diesel and liquefied petroleum gas prices are projected to rise during the first pricing window of the month.
The Chamber of Oil Marketing Companies says diesel prices could increase by 1.50%, while LPG may rise by 0.81% per kilogram between November 1 and November 15.
Market data available to SweetFMOnline suggests petrol could sell around GH¢17.02 per litre, with diesel reaching about GH¢18.99 per litre.
The final pump prices will depend on individual Oil Marketing Companies.
International Prices Move in Different Directions
COMAC attributed the mixed outlook to changes in international refined petroleum prices, movements in the cedi and interventions aimed at cushioning consumers from sharper increases.
Crude oil prices declined by 1.90% during the review period.
International petrol prices fell by 4.97%, helping to push the projected domestic petrol price lower. Diesel prices on the international market, however, increased by 3.54%.
LPG recorded the sharpest increase, rising by 21.33% during the period under review.
The cedi provided some relief after appreciating by 0.70% to an average GH¢11.7326 to the US dollar between October 12 and October 27.
COMAC said foreign exchange interventions by the Ghana Gold Board over the past three weeks had provided modest support for the local currency.
Diesel Intervention Remains in Place
Government and industry measures introduced to moderate diesel prices are also expected to limit the size of the increase at the pumps.
Adjustments to the Energy Sector Shortfall and Debt Repayment Levy and selected statutory margins in the diesel price build-up will remain in force for one month.
“The total value of the intervention remains unchanged, maintaining the Government–industry burden-sharing arrangement introduced on 16 April 2026 to moderate increases in diesel prices at the pumps.” - COMAC
NPA Adjusts Minimum Price Floors
The National Petroleum Authority has also revised its minimum price floors for the November 1 pricing window.
The petrol floor has fallen from GH¢16.09 to GH¢15.39 per litre, while the diesel floor has increased from GH¢17.09 to GH¢17.41.
The LPG floor declined from GH¢13.89 to GH¢13.73 per kilogram.
These figures are not final retail prices. They exclude premiums and operating margins charged by international traders, bulk distributors, Oil Marketing Companies and LPG marketers.
Individual companies will determine their final pump prices under the petroleum products pricing formula.
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