Price of petrol, LPG set to go up, but diesel to decline from June 1
Petroleum products are expected to record mixed reviews at the pumps from June 1, 2026. The price of petrol is expected to go up between 4.20% and 6.20%, potentially reaching GH¢15.92 per litre. LPG could increase by as much as 2.24%, resulting in a kilogramme costing GH¢17.30. Diesel, however, is expected to decrease between 1.65% and 2.00%, with a litre costing GH¢17.21.
The Chamber of Oil Marketing Companies (COMAC) stated that the mixed price reviews were due to lower global prices and continued Government-Industry interventions. The Joint Government-Industry measure, extended from May 16, 2026, played a significant role in the pricing outlook. The intervention has been zeroed out for petrol and reduced to GH¢1.07 for diesel. Oil prices on average have decreased in late May from $112.07 a barrel to $110.59. Refined Petroleum products prices on the international market have also shown mixed movements for the June 1st pricing window. LPG recorded the steepest decline at 5.53%, followed by diesel at 5.35%, while petrol increased moderately by 3.0%. The Ghana cedi has depreciated slightly against the major trading currencies, rising from GH¢11.30 to GH¢ 11.59 per gallon for June 1st, 2026.
The National Petroleum Authority announced on May 28, 2026, the price floor for the June 1 to June 16 window. No oil marketing
Quick Summary
Ghanaians brace themselves as petroleum prices are projected to shift at the pumps starting June 1, 2026- impacting petrol, LPG, and diesel. Mixed reviews are expected due to global prices and government interventions, but what will this mean for consumers?
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