Motorists could enjoy lower fuel prices from Monday, November 16, 2026, but households that rely on liquefied petroleum gas (LPG) for cooking may have to pay more.

The Chamber of Oil Marketing Companies (COMAC) has projected that petrol prices could fall by up to 8.23%, while diesel prices could decline by between 1.79% and 4.42% during the second pricing window of November.

However, LPG prices are expected to rise by 21.10%, placing additional financial pressure on consumers.

According to COMAC, petrol could sell at GH¢15.62 per litre, while diesel could drop to about GH¢18 per litre.

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LPG, on the other hand, could rise to GH¢23.17 per kilogram.

The chamber attributed the expected reduction in petrol and diesel prices to falling fuel prices on the international market and the relative stability of the Ghana cedi.

International crude oil prices fell by 16.14% to US$104.25 per barrel during the period under review, while petrol and diesel prices declined by 16.30% and 5.13%, respectively.

Although international LPG prices also fell by 6.42%, COMAC explained that domestic prices are expected to rise because earlier increases on the international market have not yet been fully reflected in local prices.

The chamber also noted that the cedi depreciated by just 0.15% between October 28 and November 11, helping to limit the impact of exchange rate changes on fuel prices.

Meanwhile, some oil marketing companies have already reduced petrol and diesel prices ahead of the new pricing window.

The National Petroleum Authority (NPA) has also set minimum price floors of GH¢13.69 per litre for petrol and GH¢16.73 per litre for diesel.

However, these figures are not the final prices consumers will pay at the pumps, as oil marketing companies will add their respective costs and margins.

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Fuel prices are reviewed twice every month, on the first and 16th, with individual oil marketing companies determining their final retail prices.

DR/MA

“The Cedi Knows No Political Parties” – President Mahama