Ghana:Motorists To Pay More For Petrol From June 1 As Prices Near GH¢16 Per Litre

Motorists in Ghana are expected to pay more for fuel as prices are projected to increase from the first pricing window beginning Monday, June 1, 2026.

Petrol, kerosene, and LPG prices are expected to rise at the pumps, while diesel prices are set to decline marginally.

For this pricing window, the petrol price floor has been pegged at GH¢15.20 per litre, representing an increase of GH¢0.60 from the GH¢14.60 per litre recorded during the second pricing window of May.

LPG will also witness an upward adjustment, with the price floor rising to GH¢13.48 per kilogram from GH¢13.16 per kilogram in the previous window, marking an increase of GH¢0.32.

Diesel, however, is expected to record a slight decline. The price floor for diesel has been set at GH¢15.49 per litre, down by GH¢0.32 from the GH¢15.81 per litre recorded during the second pricing window of May.

The price floor represents the minimum threshold at which Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) can retail petroleum products.

Despite the increase in the petrol price floor, the Chamber of Oil Marketing Companies (COMAC) is projecting pump prices for petrol to rise by between 4.20% and 6.20%.

This could result in petrol selling at as much as GH¢15.92 per litre at the pumps.

LPG prices could also increase by up to 2.24%.

Diesel, however, is expected to decline by between 1.65% and 2.00%.

These projections are based on oil marketing companies that purchase petroleum products on credit from Bulk Oil Distribution Companies (BDCs).

According to the Chamber of Oil Marketing Companies (COMAC), the price movements are attributable to lower global petroleum prices and continued government-industry interventions.