Petrol And Diesel Prices Set To Fall From October 16 As LPG Prices Jump by 18.5% — COMAC

According to reports by Joy News on Wednesday October 14, 2026, Motorists in Ghana could enjoy some relief at the fuel pumps from October 16, as petrol and diesel prices are expected to decline, while consumers of liquefied petroleum gas (LPG) face a significant increase of 18.5 per cent, according to projections by the Chamber of Oil Marketing Companies (COMAC).

The anticipated adjustment is expected to bring some relief to drivers, transport operators and businesses that rely heavily on petrol and diesel for their daily operations.

However, the projected increase in LPG prices could place additional financial pressure on households and businesses that depend on the fuel for cooking and other domestic and commercial activities.

COMAC’s latest price projections indicate a mixed outlook for consumers during the upcoming fuel pricing window. While the expected reductions in petrol and diesel prices could help ease some

transportation and operating expenses, the sharp increase in LPG prices is likely to raise concerns about the cost of living, particularly among households that use gas as their primary cooking fuel.

Fuel price adjustments in Ghana are influenced by several factors, including international petroleum product prices, movements in the exchange rate, the cost of importing finished petroleum products and domestic taxes and levies. Changes in these factors can affect the prices announced by oil marketing companies at the beginning of each pricing window.

For motorists, a reduction in petrol and diesel prices could provide some relief amid continuing concerns about transportation costs and the expenses associated with running vehicles. Commercial drivers and transport companies may also benefit if the anticipated reductions translate into lower pump prices across the country.

However, whether the expected decline in fuel prices will lead to reductions in transport fares and the prices of goods and services remains uncertain. Such adjustments often depend on the extent of the price changes and the operating costs faced by transport operators and businesses.

Meanwhile, the projected 18.5 per cent increase in LPG prices could have the opposite effect on households. Consumers who rely on gas for cooking may have to spend more to refill their cylinders, potentially placing further pressure on already stretched household budgets.

The development highlights the contrasting movements expected in Ghana’s petroleum market, with petrol and diesel users potentially benefiting from lower prices while LPG consumers face a substantial increase.