OMCs commence fuel price increases; Star Oil sells petrol at GH¢13.67, diesel at GH¢16.27

Oil Marketing Companies (OMCs) have commenced fuel price increases. Star Oil is selling a litre of petrol at GH¢13.67, up from its previous price of GH¢12.79. Diesel prices have increased from GH¢14.95 on July 1, 2026, to GH¢16.27 per litre. Star Oil has priced above the industry's approved price floor for petrol, which is GH¢13.38, and diesel, which is GH¢16.27.

According to the National Petroleum Authority (NPA), no Oil Marketing Company or LPG Marketing Company is permitted to sell petroleum products below the approved price floor during the pricing window. Data from the Chamber of Oil Marketing Companies (COMAC) indicate that petrol prices are expected to increase by between 3.79% and 5.31%, with a litre projected to sell at about GH¢14.52. Diesel prices are also expected to rise by about 7 pesewas per litre, pushing the pump price to around GH¢16.00 per litre. LPG prices are projected to increase by between 1.10% and 1.30% per kilogramme. COMAC stated that the upward adjustment has been driven by renewed geopolitical tensions, which have pushed up international crude oil and refined petroleum product prices amid concerns over supply disruptions and shipping security through the Strait of Hormuz. The Chamber also noted that the Ghana cedi weakened slightly during the pricing period. For the July 16 pricing window, the exchange rate moved from GH¢11....