Gas
Ghana fuel prices mixed as petrol drops and LPG rises
Ghanaian consumers face lower petrol and diesel costs from October 16, while liquefied petroleum gas prices are set to increase.
Key points
- Petrol and diesel pump prices are projected to decline marginally for the October 16 pricing window.
- Liquefied petroleum gas is expected to rise by 18.5 percent per kilogram.
- The National Petroleum Authority adjusted price floors following international market developments and currency depreciation.
What happened
According to reporting by MyJoyOnline, petroleum product prices across Ghana are set for mixed adjustments starting October 16, 2026. The Chamber of Oil Marketing Companies projects petrol to drop by nearly two percent to GH¢17.67 per litre, and diesel to fall by 3.32 percent to GH¢19.30 per litre. Conversely, liquefied petroleum gas is expected to climb by 18.5 percent to reach GH¢20.60 per kilogram.
Why it matters
The pricing shifts follow international crude movements, with average crude prices rising by 2.03 percent to US$126.73 per barrel. MyJoyOnline reported that supply concerns linked to geopolitical tensions in Ukraine and the Middle East drove the crude increase. Additionally, the Ghana cedi depreciated by 1.61 percent against the US dollar, adding pressure to domestic energy costs.
What comes next
In response to these market conditions, the National Petroleum Authority has revised its minimum price floors for the upcoming window. The petrol price floor decreased to GH¢16.09 per litre, and the diesel floor fell to GH¢17.09 per litre. Meanwhile, the LPG price floor rose to GH¢13.87 per kilogram, with final retail figures dependent on independent company margins.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
21.9% of electricity in the world came from gas in 2024Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
