Petrol and liquefied petroleum gas (LPG) prices could ease at the pumps from November 1, 2026, while diesel is likely to face upward pressure after the National Petroleum Authority (NPA) adjusted its price floors for the first half of the month.
For the November 1–15 pricing window, the NPA has reduced the petrol price floor from GH¢16.09 to GH¢15.39 per litre — a drop of GH¢0.70 or about 4.35 per cent. The LPG floor has also fallen, from GH¢13.89 to GH¢13.73 per kilogram. Diesel, however, is moving in the opposite direction, with its floor rising from GH¢17.09 to GH¢17.41 per litre, an increase of GH¢0.32 or roughly 1.87 per cent.
These figures are minimum benchmarks under Ghana’s petroleum pricing framework, not the final prices motorists and households will pay. The NPA has stressed that the floors exclude premiums charged by International Oil Trading Companies, operating margins of Bulk Import, Distribution and Export Companies (BIDECs), and the margins applied by Oil Marketing Companies (OMCs) and LPG Marketing Companies. Those elements are set independently by the companies under the prescribed Petroleum Products Pricing Formula.
As a result, the actual pump prices that take effect from November 1 will depend on how individual marketers adjust their premiums and margins. Some companies may pass on the lower petrol and LPG floors in full or in part, while others may hold prices steady. The higher diesel floor is expected to create upward pressure on retail diesel prices.
Mixed signals from previous window and market conditions
The latest adjustments follow a mixed outcome in the second half of October. At the October 16 pricing review, petrol and diesel recorded marginal reductions at some pumps, while LPG prices were projected to rise by around 18.5 per cent per kilogram. The Chamber of Oil Marketing Companies attributed those movements to shifts in international refined product prices and government subsidy measures. Average crude oil prices had risen by about 2.03 per cent to US$126.73 per barrel amid supply concerns, though refined product prices moved differently — LPG up, petrol and diesel down.
One major oil marketing company is currently selling petrol at GH¢16.45 per litre and diesel at GH¢17.95 per litre. Star Oil,
