Some Oil Marketing Companies (OMCs) have begun adjusting pump prices from today, June 1, 2026, in line with Ghana’s bi-weekly petroleum pricing regime.
Star Oil led the latest changes, increasing petrol to GH¢15.20 per litre from GH¢14.60 during the previous window, while maintaining diesel at GH¢15.81 per litre. The new petrol price aligns with the minimum floor set by the National Petroleum Authority (NPA) for the June 1–16 cycle, though Star Oil’s diesel price remains above the industry’s revised floor.
On May 28, the NPA announced new indicative price floors:
- Petrol: GH¢15.20 per litre (up from the previous cycle)
- Diesel: GH¢15.49 per litre (slightly lower than before)
This framework means diesel prices could decline at some stations, depending on individual OMC strategies.
The Chamber of Oil Marketing Companies (COMAC) had earlier projected mixed movements for early June:
- Petrol: Expected to rise 4.2–6.2%, potentially reaching GH¢15.92 per litre.
- LPG: Forecast to increase by 2.24%, to around GH¢17.30 per kilogramme.
- Diesel: Projected to decline 1.65–2.0%, reflecting lower global prices and government-industry interventions.
COMAC attributed the outlook to a mix of falling international fuel prices, cedi pressures, and the continuation of government-industry support measures. Under the latest review, the intervention margin for petrol has been removed, while diesel support has been reduced to GH¢1.07 per litre.
The new pricing window signals renewed upward pressure on petrol after weeks of relative stability. Diesel users may benefit from lower prices at some outlets, but motorists and households relying on petrol and LPG are likely to face higher costs in the coming weeks.
The extent of the impact will depend on how major players such as GOIL, Shell, TotalEnergies, and Zen Petroleum adjust their prices, alongside exchange rate movements and global oil market trends through June.
