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Petrol may drop to GHC15.82, diesel could rise to GHC17.73
August 17, 2026
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Petrol may drop to GHC15.82, diesel could rise to GHC17.73

Money
Policy
Growth

Key Points

  • Petrol prices are projected to fall by up to 2.90% (to GH¢15.82/litre) from August 17, while diesel prices are expected to rise by 1.39% (to GH¢17.73/litre).
  • LPG prices are also forecast to decline marginally by 0.93% (to GH¢16.21/kg).
  • Despite these projections and reduced price floors by the NPA, most Oil Marketing Companies (OMCs) are expected to maintain existing pump prices, not immediately passing on reductions.
  • The changes are driven by international petroleum market developments, including a rise in crude oil prices and divergent refined product movements, alongside local cedi appreciation.
  • The National Petroleum Authority (NPA) has lowered price floors for petrol, diesel, and LPG for the current pricing window, reminding OMCs not to sell below these new floors.

Why This Matters

Fuel prices are a critical determinant of inflation, transportation costs for goods and services, and the overall cost of living for Ghanaians. The mixed outlook and potential for OMCs to not immediately pass on price reductions will directly impact household budgets and business operating costs. Government and industry interventions, alongside the stability of the cedi, are crucial for mitigating adverse economic effects and supporting broader economic stability and growth.

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