Ghana fuel prices: Petrol could fall from November 1, 2026

Petrol prices in Ghana could fall from November 1 after the National Petroleum Authority (NPA) lowered its price floor for the next pricing window, while a higher diesel floor could put upward pressure on diesel prices.

Market data obtained by The Executive Spotlight indicates that the petrol floor will fall from GH¢16.09 to GH¢15.39 per litre for November 1–15. The diesel floor will increase from GH¢17.09 to GH¢17.41 per litre.

The figures are price floors, rather than final retail prices. They do not establish how much motorists will pay when individual fuel companies announce their prices.

Liquefied petroleum gas (LPG) could also become cheaper. Its floor will decline from GH¢13.89 to GH¢13.73 per kilogram, potentially giving marketers room to reduce prices.

According to the NPA, the floors exclude premiums charged by International Oil Trading Companies, operating margins of Bulk Import, Distribution and Export Companies, and margins charged by Oil Marketing Companies and LPG Marketing Companies.

Those companies will determine their respective charges independently under the prescribed Petroleum Products Pricing Formula.

That means the lower petrol and LPG floors may not translate into equivalent reductions for consumers. Some marketers could cut prices, while others may leave them unchanged, depending on the charges they apply.

One major oil marketing company currently sells petrol at GH¢16.45 per litre and diesel at GH¢17.95 per litre. Its prices for the November window have not been provided in the supplied information.

For diesel users, the increase in the floor signals possible higher costs. However, the size of any retail increase or whether companies raise prices at all will depend on their final pricing decisions.

The outlook follows marginal reductions in petrol and diesel prices at the pumps from October 16. LPG prices, by contrast, were projected to rise by about 18.5% per kilogram during that window.

The Chamber of Oil Marketing Companies attributed the October petrol and diesel reductions to movements in international refined product prices and government subsidy measures.

In its assessment for that period, the Chamber said international diesel prices fell by 6.68% and petrol by 3.93%, while LPG prices rose by 7.77%.

Those movements differed from crude oil prices, which the Chamber said increased by 2.03% to an average of US$126.73 per barrel amid renewed supply concerns.

Currency movements also affected the October outlook. The Chamber reported that the cedi depreciated by 1.61% to GH¢11.8222 per US dollar, based on average bank rates between September 26 and October 11.

The immediate question for consumers is how individual marketers will price their products from November 1.

The revised floors provide room for lower petrol and LPG prices, but confirmed savings will depend on the retail prices companies set.