Petrol, diesel prices set to fall from Oct. 16 as LPG faces 18.5% hike
Petrol and diesel prices are expected to fall marginally at the pumps from Friday, October 16, 2026, while liquefied petroleum gas (LPG) could see an 18.5% increase per kilogram.
From October 16, petrol and diesel prices are anticipated to slightly decrease, whereas liquefied petroleum gas (LPG) could rise by 18.5% per kilogram, according to the Chamber of Oil Marketing Companies' pricing outlook. Petrol is projected to fall by nearly 2% to GH¢17.67 per litre, while diesel could decrease by 3.32% to GH¢19.30 per litre.
Conversely, LPG is expected to increase by 18.5% to GH¢20.60 per kilogram. Recent government measures, including a GH¢2 levy on diesel and government intervention to supply refined products at previous prices, have influenced these price changes, according to the Chamber. The price adjustments are linked to international market developments, such as a 2.03% rise in average crude oil prices to US$126.73 per barrel, driven by supply concerns and geopolitical tensions.
Additionally, the Ghana cedi has depreciated by 1.61% against the US dollar, impacting refined petroleum product prices. Notably, the National Petroleum Authority (NPA) has lowered the minimum price floors for petrol and diesel for the October 16 window, while increasing LPG's price floor.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
