Fuel prices in Ghana are expected to rise from today, May 16, 2026, with petrol, diesel and LPG all projected to increase in the next pricing window, according to an outlook released by the Chamber of Oil Marketing Companies.
The outlook shows petrol prices rising between 5.29% and 7.30%, while diesel is expected to climb by up to 7.30%. LPG is also projected to increase by about 3%, extending pressure across all major petroleum products.
On current projections, petrol could sell at about GHS 15.42 per litre, diesel at GHS 17.83 per litre, and LPG at GHS 17.10 per kilogramme.
The Chamber said the expected adjustments reflect higher international petroleum product prices as well as continued pressure on the local currency. The cedi weakened marginally from GHS 11.2057 to GHS 11.3133 per US dollar, representing a 0.95% depreciation, while year-to-date losses stand at 7.8% against major trading currencies.
Although global crude oil prices eased slightly in mid-May, averaging a decline from $113.80 to $112.07 per barrel, the market remains elevated. Supply disruptions linked to restricted crude and fuel shipments through the Strait of Hormuz have continued to tighten global supply conditions, keeping energy prices under pressure.
The pricing outlook also comes at a time of persistent volatility in global energy markets, where geopolitical tensions have disrupted tanker flows and raised concerns about sustained supply shortages in the near term.
On the domestic front, government has maintained a partial intervention aimed at cushioning consumers from fuel price increases, particularly on diesel.
However, the latest projections suggest that the support may not fully offset the impact of rising import costs and currency depreciation, with consumers still expected to face higher pump prices from the new pricing window.
A spot check of oil marketing companies on Friday evening by The High Street Journal showed wide variations in pump prices ahead of the May 16 adjustment.
Shell quoted petrol at GHS 14.36 per litre and diesel at GHS 16.64. TotalEnergies priced petrol at GHS 14.13 and diesel at GHS 18.50.
Top Oil sold petrol at GHS 13.95 and diesel at GHS 17.10, while Moari quoted GHS 13.75 and GHS 17.85. So Energy priced petrol at GHS 13.70 and diesel at GHS 15.80.
Puma Energy posted GHS 13.60 for petrol and GHS 16.30 for diesel, while Zen quoted GHS 13.57 and GHS 17.97.
Benab and Frimps both priced petrol at GHS 13.30 and diesel at GHS 17.10, while ICON quoted GHS 13.30 and GHS 17.35.
Allied priced petrol at GHS 13.27 and diesel at GHS 16.10. Goil quoted GHS 13.25 and GHS 15.66, while StarOil posted GHS 13.25 and GHS 15.55.
MISA Energy sold petrol at GHS 12.99 and diesel at GHS 16.89, while Pacific quoted GHS 12.79 and GHS 15.98. JP priced petrol at GHS 12.57 and diesel at GHS 15.87.
Petrosol sold petrol at GHS 11.98 and diesel at GHS 12.98, Unicorn at GHS 11.95 and GHS 12.89, Bloom at GHS 11.89 and GHS 12.69, and Viggo at GHS 11.50 and GHS 12.85.
IBM quoted petrol at GHS 10.56 and diesel at GHS 11.76.
The spread reflects differences in sourcing costs, credit arrangements and margins across the downstream sector ahead of the new pricing window.
