The National Petroleum Authority (NPA) has revised the price floors for petroleum products in Ghana for the period from November 16 to 30, 2026. MyJoyOnline reports the regulator reduced the minimum price for petrol from GH¢15.39 to GH¢13.69 per litre, a decline of almost 13%. Diesel prices will also fall, dropping from GH¢17.41 to GH¢16.73 per litre. In contrast, the price floor for liquefied petroleum gas (LPG) will increase significantly, rising from GH¢13.73 to GH¢15.93 per kilogramme.
These figures serve as minimum benchmarks rather than final retail prices. The NPA clarified that the adjustments exclude premiums charged by International Oil Trading Companies, operating margins for bulk importers and distributors, and the margins applied by Oil Marketing Companies. Individual firms determine these additional charges independently under the prescribed Petroleum Products Pricing Formula. Consequently, the actual prices at the pump will depend on how each company applies these variable margins to the new floor prices.
The Chamber of Oil Marketing Companies (COMAC) provided projections suggesting petrol could fall by up to 8.23%, potentially reaching GH¢15.62 per litre. Diesel is expected to decline between 1.79% and 4.42%, settling around GH¢18 per litre. However, COMAC warned that LPG could rise by 21.10% to GH¢23.17 per kilogramme. The chamber attributed the mixed movements to the Ghana cedi’s stability, which depreciated by only 0.15% between October 28 and November 11, alongside falling international refined-product prices.
Global market conditions have shifted, with crude oil prices dropping 16.14% to US$104.25 per barrel, their first significant fall since August 2026. COMAC noted that international petrol prices fell 16.30%, while diesel fell 5.13%. Despite these global drops, domestic LPG prices are projected to rise due to delayed impacts from previous tender arrangements. COMAC stated, "LPG, however, could rise to GH¢23.17 per kilogram."
Several oil marketing firms have already adjusted their pump prices ahead of the official window. Star Oil, Allied Oil, and JP have all reduced petrol and diesel prices in recent days. For instance, Star Oil is currently selling petrol at GH¢15.55 and diesel at GH¢18.37. These early adjustments suggest that some retailers are moving prices in line with the new regulatory floors, though final retail outcomes will vary based on corporate pricing strategies.