Motorists brace for petrol hike as new pricing window opens today
Motorists should prepare for mixed movements in fuel prices from today. The latest pricing outlook points to increases in petrol and LPG prices, while diesel is expected to record a slight reduction. Petrol prices are expected to increase by between 4.2% and 6.2%, potentially pushing the retail price of a litre to about GH¢15.92 at the pumps. Liquefied Petroleum Gas (LPG) is also projected to increase by up to 2.24%, with a kilogram expected to sell at around GH¢17.30. Diesel prices are projected to decline by between 1.65% and 2%, bringing the cost of a litre to about GH¢17.21.
The Chamber of Oil Marketing Companies (COMAC) attributed the mixed price movements to developments on the international market and the continued impact of government-industry interventions. The Joint Government-Industry intervention, which began on May 16, 2026, continues to influence fuel pricing. The intervention on petrol has been completely removed, while the support on diesel has been reduced to GH¢1.07 per litre. Crude oil prices declined marginally in the latter part of May, falling from an average of $112.07 per barrel to $110.59 per barrel. Refined petroleum product prices recorded mixed movements, with LPG posting the sharpest decline of 5.53%, followed by diesel at 5.35%, while petrol prices increased by about 3%. The Ghana cedi recorded a slight depreciation against major trading currencies ahead of the new pricing window, moving from GH¢11.30 to GH¢11.59.
The National Petroleum Authority (NPA) has announced new price floors for the June 1 to June **
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Ghanaian motorists should brace themselves as a new pricing window opens today. Mixed movements in fuel prices are expected- but what could this mean for consumers?
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