Petrol and diesel prices to decline marginally from October 16, while LPG prices to rise
Petrol prices expected to fall by 2% to GH¢17.67 per litre from October 16, 2026
In Brief
- •Petrol prices expected to fall by 2% to GH¢17.67 per litre from October 16, 2026
- •Diesel prices projected to decrease by 3.32% to GH¢19.30 per litre from October 16, 2026
- •LPG prices to increase by 18.5% to GH¢20.60 per kilogram from October 16, 2026
- •Average crude oil prices rose by 2.03% to US$126.73 per barrel for the October 16 pricing window
- •Ghana cedi depreciated by 1.61% to GH¢11.8222 to the US dollar between September 26 and October 11, 2026
Why It Matters
The projected changes in petrol and diesel prices are significant for consumers and the economy. A decrease in petrol prices can boost consumer spending and economic activity, while a decrease in diesel prices can support transportation costs and economic growth. However, the increase in LPG prices may impact households and businesses that rely on LPG for cooking and heating. The depreciation of the Ghana cedi further adds to the economic pressures, as it affects the cost of imported goods and services. These developments highlight the complex interplay between international oil markets, government policies, and local economic conditions.
Key Details
- Petrol Price
- GH¢17.67 per litre
- Diesel Price
- GH¢19.30 per litre
- LPG Price
- GH¢20.60 per kilogram
- Average Crude Oil Price
- US$126.73 per barrel
- Ghana Cedi Exchange Rate
- GH¢11.8222 to the US dollar
Context & Background
The changes in petrol and diesel prices are influenced by developments on the international oil market, recent government subsidy measures, and the depreciation of the Ghana cedi. The National Petroleum Authority (NPA) has also reduced the minimum prices for petrol and diesel for the October 16 pricing window.
Original Reporting & Sources
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