Some Oil Marketing Companies (OMCs) in Ghana have started increasing fuel prices at the pumps following the commencement of the new pricing window on June 1, 2026.
Star Oil was among the first companies to adjust prices, increasing petrol from GH¢14.60 per litre recorded during the previous pricing window to GH¢15.20 per litre. The company, however, maintained diesel prices at GH¢15.81 per litre.
The adjustments form part of the industry’s bi-weekly fuel price review mechanism under Ghana’s petroleum price deregulation policy.
While Star Oil maintained the approved petrol price floor, its diesel price remained above the new benchmark announced by the National Petroleum Authority.
The NPA had earlier announced that no OMC should sell petrol below GH¢15.20 per litre during the June 1 to June 16 pricing window, representing an increase from the previous review period. Diesel was, however, pegged at GH¢15.49 per litre for the new window.
It remains unclear how other major industry players, including GOIL, Shell, TotalEnergies, and Zen Petroleum, will respond to the latest pricing adjustments.
According to the Chamber of Oil Marketing Companies (COMAC), petrol prices are projected to increase between 4.2% and 6.2%, potentially pushing pump prices to about GH¢15.92 per litre.
LPG prices are also expected to rise by up to 2.24%, with prices projected to reach approximately GH¢17.30 per kilogramme.
Diesel prices, however, are forecast to decline marginally by between 1.65% and 2%, although projections suggest prices could still hover around GH¢17.2 per litre for some marketers purchasing products on credit from Bulk Oil Distributors.
COMAC attributed the mixed pricing outlook to lower global fuel prices, continued government-industry interventions, and recent pressure on the Ghana cedi.
The Chamber further explained that the extension of the joint government-industry intervention introduced on May 16, 2026, continued to influence fuel pricing dynamics.
Under the revised arrangement, the relief on petrol has been removed entirely, while the diesel subsidy has been reduced to GH¢1.07 per litre.
According to industry players, the intervention continues to cushion consumers from the full impact of rising international petroleum prices while allowing gradual adjustment toward prevailing global market conditions.