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Fuel prices to rise today for petrol and LPG as diesel records slight drop

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Fuel prices to rise today for petrol and LPG as diesel records slight drop
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Fuel prices across Ghana are set to take a mixed direction from today, June 1, 2026, with petrol and liquefied petroleum gas (LPG) expected to increase, while diesel sees a marginal reduction.

In a market outlook released by the Chamber of Oil Marketing Companies (COMAC), petrol prices are projected to rise by 6.20 percent, while LPG is expected to go up by 2.24 percent.

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The increases are largely attributed to higher international petroleum product prices.

Diesel is, however, expected to decline by about 2 percent due to relatively softer global market conditions and ongoing interventions within the petroleum downstream sector.

Under pricing guidelines from the National Petroleum Authority (NPA), petrol is expected to sell at a minimum of GH¢15.20 per litre, LPG at GH¢13.48 per kilogram, and diesel at GH¢15.49 per litre.

The adjustment comes at a time when transport operators are also implementing fare increases. The Ghana Private Road Transport Union (GPRTU) and the Commercial Transport Operators of Ghana have announced a 20 percent rise in public transport fares effective June 2, 2026, citing increased fuel costs and rising spare parts expenses.

The combined effect of higher petrol and LPG prices is expected to put additional pressure on transport fares and logistics costs, with possible ripple effects on inflation and household expenditure in the coming weeks.

Tags: Fuelpricerise

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