Several Oil Marketing Companies (OMCs) have begun adjusting fuel prices upward at the pumps following the start of a new pricing window on June 1, 2026, under Ghana’s fuel price deregulation system.
Leading the adjustment, Star Oil increased the price of petrol from GH¢14.60 per litre, recorded during the previous pricing period, to GH¢15.20 per litre. The company, however, maintained its diesel price at GH¢15.81 per litre.
The revised petrol price aligns with the minimum price guideline announced by the National Petroleum Authority (NPA) for the June 1–16, 2026 pricing period. The regulator indicated on May 28 that no OMC should sell petrol below GH¢15.20 per litre during the period, reflecting an increase from the previous pricing window.
For diesel, the NPA set a benchmark price of GH¢15.49 per litre, suggesting that some OMCs may offer the product below their current pump prices as the new pricing cycle progresses.
It remains unclear how other major industry players, including GOIL PLC, Shell Ghana, TotalEnergies Ghana, and Zen Petroleum, will respond to the latest adjustments.
According to projections from the Chamber of Oil Marketing Companies (COMAC), petrol prices could increase by between 4.2 percent and 6.2 percent during the current pricing window, potentially pushing pump prices to around GH¢15.92 per litre.
Liquefied Petroleum Gas (LPG) is also expected to rise by up to 2.24 percent, with prices projected to reach approximately GH¢17.30 per kilogram.
Diesel prices, however, are forecast to decline slightly by between 1.65 percent and 2 percent. These projections primarily apply to OMCs that purchase petroleum products on credit from Bulk Oil Distribution Companies.
COMAC attributed the mixed pricing outlook to a combination of lower international fuel prices, government-industry interventions, and recent pressure on the Ghanaian cedi.
The chamber also noted that the extension of the Joint Government-Industry intervention programme from May 16, 2026, has helped moderate fuel price increases. Under the latest adjustment, the intervention support for petrol has been removed entirely, while support for diesel has been reduced to GH¢1.07 per litre.
According to COMAC, the measure continues to cushion consumers from the full impact of rising global petroleum prices while allowing domestic fuel prices to gradually adjust toward prevailing international market levels.
Source: myjoyonline.coms
