Fuel prices set to witness mixed reviews at pumps from August 16, 2026
The data from the Chamber of Oil Marketing Companies (COMAC) showed that petrol is expected to be reduced by up to 2.90% and may see a litre sold at GH¢15.82 per litre.
Petroleum product prices in Ghana are expected to experience mixed changes starting August 16, 2026, according to the Chamber of Oil Marketing Companies (COMAC). Petrol is anticipated to decrease by up to 2.90%, bringing the price down to around GH¢15.82 per litre. Diesel, however, is predicted to rise by 1.39%, with a litre costing approximately GH¢17.73. Liquefied Petroleum Gas (LPG) prices are expected to dip slightly, decreasing by GH¢0.93 to around GH¢16.21 per kilogramme.
The mixed price reviews are attributed to the fact that average crude oil prices rose by 2.02% to US$90.41 per barrel in mid-August 2026, driven by geopolitical concerns and potential supply disruptions in the Strait of Hormuz. Among refined petroleum products, diesel showed the strongest growth at 2.86%, while petrol and LPG declined by 5.46% and 2.54%, respectively.
The government-industry intervention is anticipated to help mitigate the full impact of higher diesel prices at the pump. Additionally, the recent appreciation of the Ghana cedi could lead to further price reductions if sustained. The Ghana cedi depreciated by 1.20% against the US dollar between July 27 and August 11, 2026, but has since strengthened, trading at GH¢10.9855 per US$ as of August 14, 2026.
The National Petroleum Authority (NPA) has also reduced the Price Floor for the second pricing window of the month, starting from August 16, 2026. The petrol price floor has been lowered from GH¢14.53 to GH¢13.92 per litre, representing a reduction of more than 4.1%. Diesel prices have been cut from GH¢16.97 to GH¢15.19, a decrease of GH¢1.78, or about 10.48%. LPG prices have been adjusted downwards from GH¢11.06 to GH¢10.98.
The NPA has emphasized that all industry players, including Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs), must adhere to the approved price floor during the pricing window, but some may choose not to adjust their prices or keep them unchanged based on their current pricing models.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
