Petrol, LPG prices set to rise as diesel records slight drop

Prices for petrol and LPG are projected to rise in the first pricing window of June 2026, while diesel is expected to experience a slight decrease.

This update is based on the latest pricing outlook released by the National Petroleum Authority (NPA), which reflects changes in the international oil market and other prevailing economic conditions.

For the June pricing window, petrol will be set at a minimum price of GH¢15.20 per litre, marking an increase of GH¢0.60 from the GH¢14.60 recorded in the second pricing window of May.

LPG is also set to go up, with the price floor rising to GH¢13.48 per kilogram from GH¢13.16, representing an increase of GH¢0.32.

Diesel, however, is expected to drop slightly, with its price floor set at GH¢15.49 per litre, a reduction of GH¢0.32 from the previous GH¢15.81 per litre.

The price floor refers to the minimum retail price that Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) are permitted to charge for petroleum products.

Under the Petroleum Products Pricing Guidelines (PPPG), all marketers are required to adhere to the approved price floors within each pricing window.

The NPA noted that these floor prices do not include additional charges such as premiums from International Oil Trading Companies, operating margins of Bulk Import, Distribution, and Export Companies, or margins set by individual marketers and dealers.

The adjustments follow a review of government fuel relief measures introduced to ease the impact of rising fuel costs driven by global geopolitical tensions, including those in the Middle East.

As part of the revised support scheme, the government removed the GH¢0.36 per litre subsidy on petrol and reduced diesel support from GH¢2.00 to GH¢1.07 per litre at the start of the second pricing window in May.

The revised measures are expected to remain in place for two pricing cycles, after which they will be reviewed depending on market trends.