Diesel to Rise 4.1% as Petrol Falls From November 1, COPEC Projects

Ghana’s drivers will face mixed news at the pumps from Sunday, November 1, 2026. The Chamber of Petroleum Consumers (COPEC) projects that diesel will become more expensive while petrol gets cheaper in the first pricing window of November, according to a report by Citi FM.

COPEC’s latest outlook puts the average price of diesel at GH₵19.15 per litre, up from GH₵18.40 — a rise of 4.07 per cent. Petrol, on the other hand, is expected to fall by 1.71 per cent, from an average of GH₵17.02 to GH₵16.72 per litre.

The chamber links the split to movements on the international market and the cedi’s performance against the dollar. The international free-on-board price of petrol dropped by 4.45 per cent, from $1,255.05 to $1,199.16 per metric tonne, while the diesel equivalent rose by 2.71 per cent, from $1,414.78 to $1,453.07.

What drivers actually pay will still vary by station. COPEC estimates petrol could sell between GH₵15.89 and GH₵17.57 per litre and diesel between GH₵18.19 and GH¢20.11, depending on the margins applied by individual oil marketing companies.

The National Petroleum Authority’s own benchmarks point the same way. Its price floors for November 1 to 15 set petrol at GH₵15.39 per litre, down from GH₵16.09, and diesel at GH₵17.41, up from GH₵17.09. Those floors are minimums, not pump prices, and they exclude trader premiums and company margins.

A separate outlook from the Chamber of Oil Marketing Companies differs slightly, putting the petrol drop at 3.35 per cent and the diesel rise at 1.50 per cent. Either way, the direction is the same: petrol down, diesel up, from Sunday.

Sources: Citi FM, GhanaGuardian, JoyBusiness, Chamber of Oil Marketing Companies.

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