Petrol to Sell at GH¢16.72 as Diesel Climbs to GH¢19.15 – COPEC

Ghanaian motorists are expected to experience mixed fuel price movements from Sunday, November 1, 2026, with petrol prices projected to decline while diesel prices are expected to increase.

The projection was made by the Chamber of Petroleum Consumers (COPEC) in its latest pricing outlook for the first pricing window of November.

According to COPEC, the average retail price of petrol is expected to fall by 1.71 per cent, from the current average of GH¢17.02 to approximately GH¢16.72 per litre.

The chamber attributes the anticipated reduction largely to a decline in international petrol prices, coupled with an appreciation of the Ghana cedi against the US dollar.

COPEC indicates that petrol could sell between GH¢15.89 and GH¢17.57 per litre, depending on the pricing decisions of individual Oil Marketing Companies.

Diesel, however, is expected to move in the opposite direction, with an estimated 4.07 per cent increase.

The average price is projected to rise from GH¢18.40 to GH¢19.15 per litre, representing an increase of approximately 75 pesewas.

COPEC attributes the expected increase to a rise in the international benchmark price of diesel, which increased by 2.71 per cent, from 1,414.78 dollars to 1,453.07 dollars per metric tonne.

The chamber further projects that diesel prices could range between GH¢18.19 and GH¢20.11 per litre during the upcoming pricing window.

Meanwhile, Liquefied Petroleum Gas (LPG) prices are expected to remain broadly stable at the pumps, despite an increase in their international benchmark price.

COPEC has appealed to Oil Marketing Companies to consider moderating their profit margins to cushion consumers against the impact of rising petroleum costs.

Although the projections point to some relief for petrol users, diesel-dependent businesses and transport operators could face additional operating costs if the anticipated increase is reflected at the pumps.

The final prices will depend on adjustments announced by individual fuel retailers.