The first pricing window of June 2026 shows that price floors for petrol and LPG are set to increase, with diesel to see a marginal reduction, the the National Petroleum Authority (NPA) has announced.

The petrol price floor has been pegged at GH¢15.20 per litre, representing an increase of GH¢0.60 from the GH¢14.60 per litre recorded in the second pricing window of May.

The price floor of LPG is expected to rise to GH¢13.48 per kilogram from GH¢13.16 per kilogram in the previous window, marking an increase of GH¢0.32.

According to the NPA, the international market and other prevailing market conditions were taken into consideration in the pricing adjustment.

Currently, two Oil Marketing Companies (OMCs), GOIL and Star Oil, have lowered their pump prices. The two companies are now selling petrol at GH¢13.27 per litre, while diesel is going for GH¢16.10 per litre.

Diesel prices, on the other hand, have seen a steep dip, falling by 44 pesewas to GH¢15.66 per litre from GH¢16.10 previously.Star Oil has also revised its pump prices. Petrol is now selling at GH¢13.25 per litre, reflecting a 2 pesewas reduction from GH¢13.27 in the previous pricing window.

Diesel has declined by 55 pesewas to GH¢15.55 per litre, down from GH¢16.10. Its RON 95 product remains unchanged at GH¢14.67 per litre.

The adjustments broadly align with projections of modest price moderation for the May pricing window. The reductions in petrol and diesel prices are attributed to lower global benchmarks and the continued impact of a joint government–industry intervention aimed at cushioning consumers.

President John Dramani Mahama said the decision is aimed at cushioning Ghanaians from rising fuel prices, which have been driven by global supply disruptions linked to tensions involving Iran, Israel, and the United States.

The ongoing tension has led to the closure of the Strait of Hormuz, a critical global oil shipping route. The ongoing tensions between Iran, the U.S., and Israel have been linked to the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei.

Ayatollah Ali Khamenei was reportedly killed in strikes by the United States (U.S.) and Israel. This development is significantly impacting travelers from Ghana to Asia, Europe, and North America, as Dubai is a major transit hub connecting travelers through the United Arab Emirates.

Before petrol and diesel were selling at GH¢13.30 and GH¢17.10 per litre, respectively, at the pumps. In a social media post on Tuesday, March 31, GOIL announced that it had increased petrol to GH¢13.30 per litre from GH¢12.24 and diesel from GH¢15.69 to GH¢17.10 per litre.

Star Oil also increased from GH¢12.19 to GH¢13.49 per litre. It has also increased the price of Diesel from GH¢14.25 to GH¢17.97. The adjustment follows a new price floor announced by the National Petroleum Authority (NPA) on March 30, directing Oil Marketing Companies (OMCs) to implement the changes from Wednesday, April 1.

Meanwhile, the Chamber of Petroleum Consumers (COPEC) has called for an additional one-month extension of fuel tax relief to shield consumers from rising fuel prices. The call comes ahead of the second pricing window of May.

Speaking on the matter, the Executive Secretary of the Chamber of Petroleum Consumers, Duncan Amoah, noted that the call has become necessary, given that the conditions that necessitated the government’s intervention are still in force.

He noted, “The underlying factors for which the intervention became necessary are still rife. International benchmarks are high, premiums are still high, and local pump prices are high. Given the circumstances, it would only be reasonable for us to ask the government to extend the intervention by another month. The fear of fuel prices going up is that when it does, it drags a lot of things with it. Transportation, food costs, and non-food inflationary pressures would also go up”.

He added, “For us, it might cost the government something, but I think the government will still be better off extending the intervention than at this point saying we are removing the GH¢2 we gave on diesel and then the 36 pesewas on petrol. We think that given the circumstances, the government should not only consider an extension but go ahead to extend for the ordinary Ghanaian consumer, because the factors that necessitated this intervention are still very rife as of today".