Fuel prices to rise from October 1; diesel could hit GH¢19.60 – COMAC
Prices of petroleum products are expected to see marginal increases at the pump starting October 1, 2026, according to the latest pricing outlook from the Chamber of Oil Marketing Companies (COMAC).
Starting October 1, 2026, petroleum product prices in Ghana are set to rise slightly, according to the Chamber of Oil Marketing Companies (COMAC). Petrol prices may climb by up to 3.31% to around GH¢17.91 per litre, while diesel could increase by 3.32% to 5.60%, potentially reaching GH¢19.60 per litre. LPG is expected to see a 2.25% hike, with prices projected at about GH¢17.06 per kilogram.
These increases are largely attributed to higher international crude oil and refined petroleum prices, coupled with the cedi's depreciation. The average crude oil price for October 1 pricing window rose by 19.42% to US$124.20 per barrel, while refined products saw increases of 2.43% for petrol, 6.91% for diesel, and the highest at 8.55% for LPG.
The rise in diesel prices is also influenced by the Russia-Ukraine war and US measures to contain fuel prices, despite progress in resolving the Strait of Hormuz. The cedi's depreciation by 1.27% to GH¢11.6321 to US$1 has further impacted these price changes. The National Petroleum Authority (NPA) has also raised the price floors for petrol, diesel, and LPG for the first pricing window of October.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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