Some Oil Marketing Companies (OMCs) have begun increasing fuel prices ahead of the official April 1, 2026, pricing window, following the introduction of new minimum price thresholds by the National Petroleum Authority (NPA).
Leading industry player GOIL has already adjusted its pump prices, with petrol rising from GH¢12.24 to GH¢13.30 per litre, while diesel has increased from GH¢15.69 to GH¢17.10 per litre. The company attributed the changes to the newly announced price floor, despite the official pricing window running from April 1 to April 15.
Similarly, Star Oil has revised its prices upward. Petrol now sells at GH¢13.49 per litre, up from GH¢12.19, while diesel has jumped from GH¢14.25 to GH¢17.97 per litre. The adjustments took effect from the morning of March 31, 2026.
The NPA’s revised pricing framework sets new minimum benchmarks for petroleum products, reflecting recent movements in global oil markets. Under the directive, petrol must not be sold below GH¢13.30 per litre, while diesel has a minimum price of GH¢17.10 per litre. Liquefied Petroleum Gas (LPG) has also been slightly adjusted to GH¢10.71 per kilogram.
All OMCs and LPG Marketing Companies are required to comply with these price floors, with sanctions expected for any violations. The regulated minimum prices exclude additional costs such as premiums from international oil traders and operational margins set independently by industry players.
The early price adjustments by some companies signal a broader shift across the sector, as firms move to align with the new regulatory requirements ahead of the official implementation date.
For consumers, the changes mean higher fuel costs from the start of April, as no company will be permitted to sell below the established price thresholds.
