Petrol drops to GH¢16.38, diesel rises to GH¢18.45 as OMCs adjust pump prices

Oil Marketing Companies (OMCs) began adjusting fuel pump prices for the November pricing window, with petrol falling and diesel rising. Star Oil led the change, decreasing petrol from GH¢16.45 to GH¢16.38 per litre and increasing diesel from GH¢17.95 to GH¢18.45 per litre. Other major retailers planned to follow suit later in the day or week.

The Chamber of Oil Marketing Companies (COMAC) projected a 3.35% drop in petrol prices, a 1.50% rise in diesel prices, and a 0.81% increase in LPG prices for the window of November 1–15, 2026. Indicative figures showed petrol at GH¢17.02 per litre and diesel at GH¢18.99. Actual prices would vary among marketing companies. The mixed outlook was due to falling crude oil prices, a stronger cedi, and government intervention to support diesel consumers.

Crude oil prices fell by 1.90%, while international diesel prices rose by 3.54%. LPG prices surged the most, up 21.33%. The cedi appreciated by 0.70% to GH¢11.7326 per US dollar, aided by foreign exchange interventions and a $1.5 billion injection planned to support the currency ahead of the holiday season. Diesel adjustments, including the Energy Sector Shortfall and Debt Repayment Levy, remained in place for a month to mitigate the price impact.

COMAC explained that the total intervention value remained unchanged, preserving the government-industry burden-sharing approach introduced on April 16, 2026.