Some oil marketing companies have begun implementing higher fuel prices under the new May 16 pricing window, with Super petrol now selling above GHS14 per litre at some pumps as projected market increases start taking effect.
StarOil was among the first to announce revised prices effective 8:00 AM on May 16, raising Super to GHS14.60 per litre from GHS13.25 in the previous pricing window. Diesel also increased to GHS15.81 from GHS15.55, while RON 95 was set at GHS15.49.
The adjustments follow projections by the Chamber of Oil Marketing Companies, which indicated petrol prices could rise by between 5.29% and 7.30%, diesel by as much as 7.30%, and LPG by about 3%.
Under the Chamber’s outlook, petrol could reach GHS15.42 per litre, diesel GHS17.83, and LPG GHS17.10 per kilogramme, driven by higher international petroleum product prices and cedi weakness.
Before the new pricing window took effect, The High Street Journal’s check on May 15 showed StarOil selling Super at GHS13.25 and diesel at GHS15.55, meaning the latest adjustment pushed petrol up by GHS1.35 per litre overnight.
Across the previous pricing window, Shell sold petrol at GHS14.36 and diesel at GHS16.64, while TotalEnergies priced petrol at GHS14.13 and diesel at GHS18.50.
Goil sold petrol at GHS13.25 and diesel at GHS15.66, with several other OMCs posting petrol prices largely between GHS13 and GHS14.
The latest revisions suggest projected increases are beginning to materialise at the pumps, with consumers likely to face broader price adjustments as more OMCs update prices under the current NPA-approved window.
Although government has extended partial diesel relief, the upward movement in early pump prices signals that global supply pressures, refined product costs and exchange rate depreciation continue to shape retail fuel pricing.
