Fuel prices set to drop from November 1

For the first pricing window of November 2025, motorists can heave a sigh of relief as petroleum product prices are expected to drop significantly at the pumps.

According to the latest outlook report from the Chamber of Oil Marketing Companies (COMAC), fuel prices are projected to see notable reductions from November 1, 2025.

Per the report, petrol prices are expected to fall by up to 5.21%, meaning a litre will sell at GH¢12.92, down from the previous GH¢13.93.

Diesel prices are also likely to decline between 6.03% and 8.13%, bringing the price down to about GH¢13.10 per litre from GH¢14.56.

Liquefied Petroleum Gas (LPG) could see a reduction of up to 6.66%, lowering prices to around GH¢13.60 per kilogram.

Here's how much you will pay for fuel this week after price reductions

COMAC attributes the projected reductions to declining global crude oil prices and the cedi’s strong appreciation in October.

The cedi has strengthened significantly against the dollar in the last quarter, with analysts crediting the rebound to measures implemented by the Bank of Ghana.

Meanwhile, international Brent crude prices have fallen to a five-month low of $62.82 per barrel.

SP/MA

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