Consumers are set for a boost, with a predicted fall in petrol prices in the next pricing window, market data obtained by JoyBusiness has revealed.

According to the data, the petrol price floor has been reduced from GH¢16.09 to GH¢15.39 per litre for the November 1–15 pricing window. This represents a reduction of GH¢0.70 per litre, or 4.35%.

However, the price of diesel is set to increase marginally following an upward adjustment in its price floor by the National Petroleum Authority (NPA).

The diesel floor has increased from GH¢17.09 to GH¢17.41 per litre, marking a 1.87% increase.

Liquefied petroleum gas (LPG) could also see some relief, with its price floor declining from GH¢13.89 to GH¢13.73 per kilogram, a decrease of 1.15%.

These figures are price floors, not final retail prices.

According to the NPA, the price 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.

The respective companies will determine these charges independently under the prescribed Petroleum Products Pricing Formula.

Fuel prices at the pumps could move in different directions in the coming pricing window, depending on how oil marketing companies respond to the revised price floors.

Petrol and LPG prices could fall as marketers gain room to lower their rates. However, the extent of any reduction will depend on each company's pricing decisions.

One major oil marketing company currently charges GH¢16.45 per litre for petrol and GH¢17.95 per litre for diesel. While some retailers may cut their prices, others could maintain their current rates. Diesel, in particular, faces possible upward pressure because of its higher price floor.

Rising global crude oil prices remain a concern, but the cedi's recent appreciation could help limit the impact on consumers.

Meanwhile, on October 14, 2026, the Chamber of Oil Marketing Companies (COMAC) announced a projected drop in petrol and diesel prices ahead of the second pricing window for October, which began on October 16.

This followed an increase in petrol prices from GH¢16.00 per litre in the last pricing window in September to GH¢16.45 per litre in the first pricing window of October, an increase of GH¢0.45, or 2.8%. Diesel prices also rose from GH¢16.77 to GH¢17.97 per litre, an increase of GH¢1.20, or 7.2%.

However, in the second pricing window, fuel prices were expected to decline from Friday, October 16, as Oil Marketing Companies began implementing new prices, offering some relief to consumers.

Commodity prices

Petrol prices were projected to fall by close to 2%, while diesel prices were expected to decline by 3.32%, despite the recent depreciation of the cedi, which was expected to limit the gains from lower international petroleum product prices.

On a cash-purchase basis, petrol was projected to sell at GH¢17.67 per litre, while diesel was expected to retail at GH¢19.30 per litre.

The expected price reductions followed the first pricing window in October, when major Oil Marketing Companies (OMCs) maintained their pump prices following government interventions.

The interventions included agreements by the Sentuo Oil Refinery and the Tema Oil Refinery to maintain their petroleum product supply prices to Bulk Distribution Companies at the levels recorded in the previous pricing window. The government also suspended the GH¢1-per-litre dumsor levy on diesel for October.

These measures came after earlier fuel price increases raised concerns that pump prices could reach or exceed GH¢20 per litre.

Under the pricing window that began on October 16, petrol was expected to sell at a minimum of GH¢16.09 per litre, while diesel had a floor price of GH¢17.09 per litre.

However, pump prices could differ across fuel stations depending on the additional costs and profit margins applied by individual Oil Marketing Companies.