Petrol, LPG Prices Edge Up While Diesel Sees Marginal Decline

Price floors for petrol and LPG are set to increase in the first pricing window of June 2026, while diesel will record a marginal reduction.

This follows the latest pricing outlook released by the National Petroleum Authority (NPA), reflecting developments in the international market and other prevailing industry conditions.

For the first pricing window of June, 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 during the second pricing window of May.

LPG will also see an upward adjustment, with the price floor rising to GH¢13.48 per kilogram from GH¢13.16 per kilogram in the previous window, marking an increase of GH¢0.32.

Diesel, however, is expected to record a slight decline. The price floor for diesel has been set at GH¢15.49 per litre, down by GH¢0.32 from the GH¢15.81 per litre recorded during the second pricing window of May.

The price floor represents the minimum threshold at which Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) can retail petroleum products.

According to the Petroleum Products Pricing Guidelines (PPPG), all OMCs and LPGMCs are required to comply with the approved price floors for the pricing window under consideration.

The NPA explained that the price floors exclude premiums charged by International Oil Trading Companies (IOTCs), operating margins of Bulk Import, Distribution and Export Companies (BIDECs), as well as marketers' and dealers' margins, which are independently determined by the respective companies.

The latest adjustments come after the government reviewed its fuel relief measures introduced to cushion consumers against rising fuel prices triggered by tensions in the Middle East.

Under the revised intervention, the government scrapped the GH¢0.36 per litre support on petrol, while the GH¢2.00 per litre support on diesel was reduced to GH¢1.07 per litre at the start of the second pricing window of May.

Source:https://www.citinewsroom.com/2026/05/petrol-lpg-price-floors-rise-as-diesel-prices-ease-slightly/