Petrol prices in Ghana will rise by GHS 0.60 per litre, reaching a new price floor of GHS 15.20 in the first pricing window of June 2026. Liquefied Petroleum Gas (LPG) will also increase by GHS 0.32 per kilogram to GHS 13.48 for the same period. Conversely, diesel prices are projected to decrease slightly by GHS 0.32 per litre, settling at GHS 15.49.
These adjustments, announced by the National Petroleum Authority (NPA), stem from shifts in global market conditions. They also reflect changes in domestic pricing regulations within Ghana's petroleum downstream sector. Consumers will feel the impact of higher costs for petrol and cooking gas, while transport operators using diesel may experience minor relief.
This marks a continuation of volatility in Ghana’s energy market, often influenced by global oil prices and currency fluctuations. The revised fuel prices follow changes in government fuel relief measures implemented in May 2026. These measures aimed to ease the burden of rising global fuel costs driven by geopolitical tensions. Earlier this year, the government had provided significant subsidies, which are now being scaled back.
The NPA stated that a key factor impacting these changes is the government's move to remove the GHS 0.36 per litre subsidy on petrol. Diesel support has also been reduced from GHS 2.00 per litre to GHS 1.07 per litre. These revised support mechanisms took effect at the start of the second pricing window in May 2026. They are slated to run for two pricing windows before further review.
The price floor represents the minimum price at which Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) can sell petroleum products. This minimum price excludes premiums charges by International Oil Trading Companies (IOTCs) and margins of Bulk Import, Distribution and Export Companies (BIDECs). It also excludes margins of downstream marketers, which are determined independently.
Looking ahead, decision-makers will closely monitor international crude oil prices and the Ghana cedi’s performance against major currencies. These factors will continue to influence domestic fuel prices in Ghana. Consumers should anticipate potential further adjustments as global market dynamics and government policy reviews evolve. The broader economic implications for inflation and transportation costs remain a key concern for households and businesses.