Petrol drops to GH¢16.38, diesel rises to GH¢18.45 as OMCs adjust pump prices
Oil Marketing Companies (OMCs) have begun adjusting pump prices for the first pricing window in November, with petrol prices falling and diesel prices rising.
Other major fuel retailers told JoyBusiness they will adjust prices later today or later this week.
The changes follow projections by the Chamber of Oil Marketing Companies (COMAC) for the November 1–15, 2026 pricing window.
The chamber projected a reduction of up to 3.35% in petrol prices, a 1.50% increase in diesel prices, and a 0.81% rise in liquefied petroleum gas (LPG) prices.
COMAC attributed the mixed outlook to changes in international petroleum prices, a stronger cedi and government–industry intervention to cushion diesel consumers.
Crude oil prices fell by 1.90% during the review period, but refined product prices moved in different directions.
International petrol prices declined by 4.97%, while diesel prices rose by 3.54%. LPG prices rose the most, up 21.33%.
According to COMAC, foreign exchange interventions by the Ghana Gold Board over the past three weeks provided modest support for the currency. The chamber also cited a planned $1.5 billion injection to support the cedi ahead of the festive period.
The stronger currency is expected to help moderate the impact of international price increases on consumers.
For diesel, adjustments to the Energy Sector Shortfall and Debt Repayment Levy and selected statutory margins remain in place for one month to cushion the increase.
