Fuel prices in Ghana are expected to take a mixed direction starting June 1, 2026, as petrol and liquefied petroleum gas (LPG) are projected to increase while diesel records a slight decline.
According to the latest outlook released by the Chamber of Oil Marketing Companies (COMAC), petrol prices are expected to rise by about 6.20%, while LPG is forecast to increase by 2.24%.
The upward adjustment is largely attributed to rising international prices of refined petroleum products, which continue to influence domestic pricing trends.
In contrast, diesel prices are projected to drop by approximately 2%. This decline is linked to relatively softer conditions on the global oil market, as well as ongoing interventions within the downstream petroleum sector aimed at stabilizing costs for consumers and businesses that rely heavily on diesel.
Based on the National Petroleum Authority’s (NPA) pricing guidance, petrol is expected to sell at a minimum of GH¢15.20 per litre. LPG will go for around GH¢13.48 per kilogram, while diesel is projected to retail at approximately GH¢15.49 per litre. These indicative prices may vary slightly across different fuel stations depending on location and market competition.
The new fuel price adjustments come at a time when transport operators are also increasing fares.
Both the Ghana Private Road Transport Union (GPRTU) and the Commercial Transport Operators of Ghana have announced a 20% increase in public transport fares, effective June 2, 2026. The decision is attributed to rising fuel costs and increased expenses on spare parts and vehicle maintenance.
The combined effect of higher petrol and LPG prices is expected to place additional pressure on transport, logistics, and household budgets.
Analysts warn that this could contribute to broader inflationary pressures in the coming weeks, affecting the cost of goods and services across the country.
