Petrol and diesel prices are expected to decline during the second pricing window of November 2026, while Liquefied Petroleum Gas (LPG) prices are projected to increase significantly, according to the Chamber of Oil Marketing Companies (COMAC).
In its pricing outlook for November 16 to 30, COMAC projects that petrol prices will fall by between 4.46% and 8.23%, while diesel prices could decline by 1.79% to 4.42%.
LPG, however, is expected to move in the opposite direction, with prices projected to rise by between 21.10% and 24.58%.
The projections mean consumers could experience some relief at the pumps when purchasing petrol and diesel, although households and businesses relying on LPG may face higher fuel costs.
For cash purchases, COMAC estimates that petrol will sell at GH¢15.62 per litre, representing an 8.23% reduction.
Diesel is projected to decline by 4.42% to GH¢18.15 per litre, while LPG is expected to increase by 21.10% to GH¢23.17 per kilogram.
Under credit purchase arrangements, petrol is projected at GH¢16.32 per litre, diesel at GH¢18.65 per litre and LPG at GH¢23.67 per kilogram.
The Chamber attributed the expected reductions in petrol and diesel prices to lower international prices of crude oil and refined petroleum products during the pricing window.
Explaining the factors behind the projected adjustments, COMAC stated that, “The projected adjustments reflect lower international refined-product prices, while higher LPG prices reflect the delayed pass-through of higher international prices from the previous window due to the tender arrangement.”
COMAC also indicated that the Government–industry intervention to moderate diesel prices remains in place.
The intervention involves adjustments to the Energy Sector Shortfall and Debt Repayment Levy (ESSDRL) and selected statutory margins in the diesel price build-up.
The arrangement, introduced on April 16, 2026, is intended to cushion consumers against increases in diesel prices.
COMAC said the total value of the intervention remains unchanged for the November 16 pricing window.
“The total value of the intervention remains unchanged, maintaining the Government–industry burden-sharing arrangement introduced on 16 April 2026 to moderate increases in diesel prices at the pumps,” the Chamber stated.
The projections come amid a decline in international crude oil prices and a corresponding reduction in the cost of refined petroleum products.
The National Petroleum Authority’s projected floor prices for the period are GH¢13.69 per litre for petrol, GH¢16.73 per litre for diesel and GH¢15.93 per kilogram for LPG.
