Some Oil Marketing Companies (OMCs) have begun increasing fuel prices at the pumps from today, June 1, 2026, following the latest two-week pricing review under Ghana’s fuel price deregulation policy.
Star Oil was among the first to implement the new prices, raising petrol from GH¢14.60 per litre to GH¢15.20 per litre.
However, the company maintained its diesel price at GH¢15.81 per litre.
While Star Oil’s new petrol price aligns with the approved minimum price, its diesel price remains above the newly announced floor.
It remains unclear how other major industry players, including Goil, Shell, Total, and Zen Petroleum, will adjust their prices in response to the latest review.
On May 28, 2026, the National Petroleum Authority announced the pricing floor for the June 1–16 window, setting petrol at GH¢15.20 per litre.
This represents an increase compared to the previous pricing period.
Diesel, however, was set at GH¢15.49 per litre, lower than the May 16, 2026, benchmark.
This suggests OMCs could offer diesel at lower prices from June 1.
According to the Chamber of Oil Marketing Companies (COMAC), petrol prices are expected to increase by between 4.20% and 6.20%, potentially pushing pump prices to about GH¢15.92 per litre.
Liquefied Petroleum Gas (LPG) is also projected to rise by up to 2.24%, with prices reaching approximately GH¢17.30 per kilogramme.
Diesel prices, on the other hand, are expected to decline by between 1.65% and 2.00%, bringing prices to around GH¢17.20 per litre.
These projections are based on OMCs that purchase petroleum products on credit from Bulk Oil Distributors.
According to COMAC, the mixed pricing outlook reflects lower global fuel prices, ongoing government-industry interventions, and recent pressure on the Ghana cedi.
COMAC also noted that the Joint Government-Industry measure, extended from May 16, 2026, has significantly influenced this pricing window, particularly the expected increase in petrol prices.
Under the latest revision, the intervention for petrol has been completely removed, while support for diesel has been reduced to GH¢1.07 per litre.
This means consumers continue to receive some protection from the full impact of rising international fuel prices, even as local prices gradually adjust to global market conditions.
