Business Outlook Africa

Petrol, diesel prices set to fall from Oct. 16 as LPG faces 18.5% hike

Petrol and diesel prices are expected to fall marginally at the pumps from Friday, October 16, 2026, while liquefied petroleum gas (LPG) could see an 18.5% increase per kilogram.

This is according to the Chamber of Oil Marketing Companies’ pricing outlook for the next pricing window.

Petrol is projected to decline by almost 2% to GH¢17.67 per litre, while diesel could fall by 3.32% to GH¢19.30 per litre.

LPG, however, is expected to rise by 18.5% to GH¢20.60 per kilogram.

During the October 1 pricing window, most oil marketing companies maintained their prices following a GH¢2 levy on diesel and a government intervention in which Tema Oil Refinery and Sentuo Oil supplied refined products to the companies at previous prices.

The Chamber attributed the projected adjustments to developments on the international market and recent government subsidy measures.

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