Petrol and liquefied petroleum gas (LPG) prices in Ghana are expected to increase from June 1, while diesel prices are set to decline slightly, according to the latest market projections by the Chamber of Oil Marketing Companies (COMAC).
COMAC forecasts a 6.20% increase in petrol prices and a 2.24% rise in LPG prices, citing higher international petroleum product prices. Diesel prices, however, are expected to fall by about 2% due to softer global market conditions and industry interventions.
Under guidance issued by the National Petroleum Authority (NPA), petrol will 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 latest adjustment comes as transport operators prepare to implement higher fares. The Ghana Private Road Transport Union and the Commercial Transport Operators of Ghana have announced a 20% increase in public transport fares effective June 2, citing rising fuel and spare parts costs.
The increase in petrol and LPG prices is expected to raise transportation and logistics costs, potentially adding pressure on household spending and inflation in the coming weeks.
Ghana adjusts fuel prices periodically in line with movements in international petroleum markets and exchange rate developments.
