Some Oil Marketing Companies (OMCs) in Ghana have begun increasing fuel prices ahead of the official April 1, 2026 pricing window under the deregulation policy.
One of the leading players, Ghana Oil Company Limited (GOIL), announced via social media that petrol prices have risen 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 adjustment to the newly introduced price floor by the National Petroleum Authority (NPA), announced on March 30, 2026, even though the official pricing window runs from April 1 to April 15.
Other OMCs are yet to fully signal how they will respond, although some industry players have argued that prices could have remained lower if not for the strict enforcement of the price floor.
Another major industry player, Star Oil, has also revised its prices upward. Petrol increased from GH¢12.19 to GH¢13.49 per litre, while diesel rose sharply from GH¢14.25 to GH¢17.97 per litre.
The new prices are reported to have taken effect from 8:00 a.m. on March 31, 2026.
The NPA, in its latest circular, set new minimum price thresholds for the upcoming pricing window. Petrol rose from GH¢11.57 to GH¢13.30 per litre, while diesel increased from GH¢14.35 to GH¢17.10 per litre. Liquefied Petroleum Gas (LPG) also saw a marginal rise from GH¢10.67 to GH¢10.71 per kilogram.
The regulator has directed all OMCs and LPG Marketing Companies (LPGMCs) to comply strictly with these minimum price levels.
It noted that the approved prices exclude additional costs such as premiums charged by international oil traders, as well as margins set by Bulk Import, Distribution and Export Companies and individual marketing firms.
From April 1, no OMC or LPGMC will be allowed to sell below the established price floors, meaning companies currently pricing below these levels must immediately adjust.
As a result, petrol cannot be sold below GH¢13.30 per litre, while diesel must not fall below GH¢17.10 per litre.
GOIL’s early price adjustment signals a broader industry shift toward compliance ahead of the official implementation date, with consumers expected to see uniform pricing across the market in the coming days.