Fuel Prices Surge: Petrol Up Sh12, Diesel Sh9 and Kerosene Sh28

Ghanaian motorists could see lower petrol and diesel prices from October 16, 2026, according to the Chamber of Oil Marketing Companies (COMAC). The organization forecasts a 1.67% decrease in petrol prices and a 3.32% reduction in diesel prices during the second pricing window of October. Under these projections, petrol will be priced at GH¢17.67 per litre, and diesel at GH¢19.30 per litre.

Although these reductions may offer some relief, actual pump prices may vary among oil marketing companies due to their operating costs and profit margins.

In contrast, LPG prices are expected to surge by 18.50% during the same period, potentially increasing cooking costs for households, restaurants, and other businesses reliant on LPG. COMAC predicts that LPG will be sold at GH¢20.60 per kilogramme on a cash-purchase basis.

The projected changes in fuel prices stem from mixed movements in international refined petroleum product prices. LPG prices rose by 7.77%, while diesel and petrol prices declined by 6.68% and 3.93%, respectively. However, this relief may be diminished by the cedi's depreciation against the US dollar, which has fallen by 1.61% against the dollar in the past week alone. A weaker cedi increases the cost of purchasing fuel in dollars, as Ghana imports refined petroleum products.

The National Petroleum Authority (NPA) has set minimum fuel prices for the second pricing window of October. Petrol's minimum price will drop to GH¢16.09 per litre, while diesel's minimum price will fall to GH¢17.09 per litre. However, LPG's minimum price will increase, rising from GH¢11.10 to GH¢13.87 per kilogramme. These minimum prices, set under the Petroleum Product Pricing Guidelines, aim to ensure that oil marketing companies and LPG marketing companies comply with the minimum selling prices.