Some Oil Marketing Companies (OMCs) have begun increasing fuel prices ahead of the scheduled April 1, 2026 adjustment window under Ghana’s Price Deregulation Policy.

One of the industry’s leading players, GOIL, announced via social media that petrol prices have risen from GH¢12.24 to GH¢13.30 per litre, while diesel has increased from GH¢15.69 to GH¢17.10 per litre.

The company attributed the hike to the new price floor introduced by the National Petroleum Authority (NPA) on March 30, 2026, despite the official pricing window running from April 1 to April 15, 2026.

It remains uncertain how other OMCs will respond, although some industry players have argued that prices could have been lower if not for the strict enforcement of the NPA’s price floor policy.

Star Oil Also Adjusts Prices

Another key player, Star Oil, has also increased its fuel prices.

Petrol has gone up from GH¢12.19 to GH¢13.49 per litre, while diesel has surged from GH¢14.25 to GH¢17.97 per litre.

Sources indicate that these new prices took effect from 8:00 a.m. on March 31, 2026.

New Price Floor by NPA

The NPA has set new minimum price floors for petroleum products for the upcoming pricing window:

• Petrol: GH¢11.57 → GH¢13.30 per litre (+GH¢1.73)
• Diesel: GH¢14.35 → GH¢17.10 per litre (+GH¢2.75)
• Liquefied Petroleum Gas (LPG): GH¢10.67 → GH¢10.71 per kilogram

The authority has directed all OMCs and LPG Marketing Companies to comply with the revised floors.

However, the stated prices exclude additional costs such as premiums charged by International Oil Trading Companies (IOTCs), as well as margins set by Bulk Import, Distribution and Export Companies (BIDECs), OMCs, and LPGMCs.

Implications for Consumers

From April 1, 2026, no OMC or LPGMC will be allowed to sell below the approved price floors. Companies currently pricing below these thresholds are expected to adjust immediately.

This means:

• Petrol cannot be sold below GH¢13.30 per litre
• Diesel cannot be sold below GH¢17.10 per litre

Summary

GOIL’s early price adjustment signals a broader industry shift toward compliance with the NPA’s new directives ahead of the official implementation date. Consumers should expect fuel prices across major OMCs to align with the new minimum thresholds as enforcement takes effect.