Star Oil has taken the lead, reducing its petrol price from GH¢16.45 to GH¢16.38 per litre, while increasing diesel from GH¢17.95 to GH¢18.45 per litre.
The adjustments follow projections by the Chamber of Oil Marketing Companies (COMAC), which forecast a reduction of up to 3.35 per cent in petrol prices, a 1.50 per cent increase in diesel prices and a 0.81 per cent rise in liquefied petroleum gas (LPG) prices for the November 1–15 pricing window.
Other major fuel retailers are expected to review their pump prices later this week, with the final adjustments depending on individual companies.
COMAC’s projections reflect mixed movements in international petroleum prices, despite an appreciation of the Ghana cedi against the US dollar.
Crude oil prices declined by 1.90 per cent during the review period, while international petrol prices fell by 4.97 per cent. Diesel prices, however, increased by 3.54 per cent, with LPG recording a sharper rise of 21.33 per cent.
The cedi also appreciated by 0.70 per cent to GH¢11.7326 against the US dollar, based on average bank rates between October 12 and October 27, 2026.
According to COMAC, foreign exchange interventions by the Ghana Gold Board over the preceding three weeks provided support for the local currency.
The chamber also cited a planned 1.5-billion-dollar injection to support the cedi ahead of the festive season.
Meanwhile, the government and industry have maintained adjustments to the Energy Sector Shortfall and Debt Repayment Levy, alongside selected statutory margins, for another month to cushion consumers against rising diesel prices.
COMAC said the intervention maintains the government-industry burden-sharing arrangement introduced on April 16, 2026, to moderate increases in diesel prices at the pumps.
The chamber noted that the measure is intended to limit the extent to which rising international diesel prices are passed on to consumers.
Actual pump prices will, however, depend on the pricing decisions of individual Oil Marketing Companies.
Source: Wesleyannews.com
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