Fuel prices are set to change from Friday, May 1, 2026, with petrol and diesel expected to become slightly cheaper, while Liquefied Petroleum Gas (LPG) will rise sharply.
According to the Chamber of Oil Marketing Companies(COMAC), petrol prices may drop by up to 0.51% per litre, bringing prices to about GH¢14.51 at some filling stations, especially those buying on credit.
Diesel is expected to see a larger cut of 6.77%, with prices likely around GH¢15.87 per litre.
In contrast, LPG prices could increase by as much as 10.41% per kilogramme.
The Chamber says this rise is due to delayed effects from earlier pricing arrangements that had temporarily kept costs lower.
The drop in petrol and diesel prices is mainly due to falling global oil prices and efforts by the government and industry to reduce costs for consumers.
During the pricing period, crude oil prices fell by 12.33%, from $129.80 to $113.80 per barrel.
Prices for refined products also declined, with diesel dropping the most.
However, these reductions were partly offset by a slight weakening of the Ghana cedi, which depreciated by 0.65% against the US dollar.
The National Petroleum Authority has set minimum prices under its guidelines: petrol at GH¢13.25 per litre, diesel at GH¢14.30, and LPG at GH¢13.02 per kilogramme, excluding additional charges.
Compared to mid-April prices, petrol has dropped slightly by 2 pesewas, while diesel has fallen significantly by about GH¢1.80 per litre.
In a notice to OMCs, the Authority stated: “As per the Petroleum Products Pricing Guidelines (PPPG), all Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) are entreated to comply with the above price floors for the window under consideration.”
It clarified that the quoted prices exclude premiums charged by International Oil Trading Companies, as well as margins for Bulk Import, Distribution and Export Companies and retailers.
“These will be independently determined by the companies as pertains under the PPPG,” the Authority added.
