Fuel prices have begun to ease at the start of the first pricing window of May, with leading Oil Marketing Companies in Ghana implementing downward adjustments at the pumps.
State owned GOIL and privately operated Star Oil are both now selling petrol at GH¢13.25 per litre, reflecting a marginal decline from the previous pricing window.
Diesel has seen more pronounced reductions. GOIL has revised its diesel price to GH¢15.66 per litre, while Star Oil is retailing diesel at GH¢15.55 per litre. However, premium products such as Super XP 95 and RON 95 remain unchanged.
The price adjustments are consistent with projections of moderate reductions for the May pricing window, supported by slight easing in global oil benchmarks and the continued effect of coordinated interventions between government and industry aimed at cushioning consumers.
Market watchers expect more Oil Marketing Companies to review their prices in the coming days as international oil trends and exchange rate movements continue to shape the domestic pricing outlook.
At the regulatory level, the National Petroleum Authority has also revised its price floors. Petrol is now pegged at a minimum of GH¢13.25 per litre, slightly down from GH¢13.27 in the previous window.
Diesel recorded a sharper adjustment, with its price floor reduced to GH¢14.30 per litre from GH¢16.10, marking a decline of GH¢1.80.
In contrast, the price floor for Liquefied Petroleum Gas has increased significantly to GH¢13.02 per kilogram, up from GH¢10.79, reflecting rising international prices.
The Authority maintains that all Oil Marketing Companies and LPG Marketing Companies must adhere to the approved price floors, although these exclude additional cost elements such as international premiums and operational margins, which are determined independently within the Petroleum Products Pricing Guidelines.