COPEC projects petrol price to fall; diesel to go up on November 1 pricing window
The Chamber of Petroleum Consumers (COPEC) is predicting petrol prices to go down while diesel price go up at the pumps in the first pricing window starting, November 1, 2026. In statement, COPEC forecast petrol price to go down by 1.71 and diesel to go up by 4.07 percent.
According to COPEC, Free On Board price of petrol decreased from $1255.05 per Metric Tonne to $1199.16 per Metric Tonne indicating a -4.45%.
“With a currency appreciation of about 0.6%, the retail price of petrol works up to Ghc16.72 per litre representing 1.71% decrease of the current mean price of Ghc17.02 per litre Thus, the retail price of Petrol is expected to be selling between GHS15.89 per litre and GHS17.57 per litre, within a ±5% range of COPEC's projection”.
On diesel, COPEC said the Free On Board price of the product increased marginally from 1414.78 per Metric Tonne to $1453.07 indicating a 2.71%.
“The cedi’s appreciation of 0.6%, the projected retail pump price for diesel in the next window shall work up to Ghc19.15 per litre representing a 4.07% increase of the current mean rice of Ghc18.40 per litre. Thus, diesel is expected to sell within a range of Ghc18.19 per litre minimum to Ghc20.11 per litre maximum within a ±5% range of COPEC's projection”.
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