Consumers of liquefied petroleum gas (LPG) are expected to face a sharp price increase in the second pricing window of October, even as petrol and diesel prices are projected to decline, according to the Chamber of Oil Marketing Companies (COMAC).
The Chamber forecasts that petrol prices will fall by between 1.20% and 1.67%, while diesel prices are expected to decline by 2.60% to 3.32%. LPG prices, however, could rise by between 16.98% and 18.50%.
The projected adjustments reflect movements in international petroleum product prices, alongside government-industry interventions intended to moderate the impact of fuel costs on consumers.
In its outlook for the October 16 pricing window, COMAC said average crude oil prices increased by 2.03% to US$126.73 per barrel.
It attributed the increase to renewed supply concerns linked to developments in the war involving Iran and uncertainty surrounding a proposed US-backed energy ceasefire.
Prices of refined petroleum products moved in different directions over the period. LPG prices rose by 7.77%, while diesel and petrol prices declined by 6.68% and 3.93%, respectively.
The Ghana cedi also depreciated by 1.61% to GH¢11.8222 to the US dollar, based on average bank rates between September 26 and October 11, 2026.
COMAC said the cedi had lost more than 11% of its value against the dollar so far this year, with seasonal import demand and higher energy costs continuing to exert pressure on the currency.
Despite the increase in crude oil prices and the depreciation of the cedi, petrol and diesel are projected to record modest reductions at the pumps.
COMAC said government-industry interventions continued to cushion consumers, particularly by moderating increases in diesel prices.
During the October 1 pricing window, most oil marketing companies maintained their prices following the introduction of a GH¢2 levy on diesel and an intervention under which the Tema Oil Refinery and Sentuo Oil supplied refined products to oil marketing companies at previous prices.
