Star Oil has become one of the first Oil Marketing Companies (OMCs) to adjust fuel prices under the June 1–16, 2026 pricing window, increasing the price of petrol to GH¢15.20 per litre.
The new price represents a 60-pesewa increase from the GH¢14.60 per litre charged during the previous pricing window. However, the company has maintained its diesel price at GH¢15.81 per litre.
The adjustment comes as fuel retailers begin implementing new prices in line with Ghana’s petroleum price deregulation regime, which allows OMCs to review prices every two weeks based on market conditions.
Star Oil’s new petrol price aligns with the National Petroleum Authority’s (NPA) approved price floor for the current pricing window.
The NPA announced on May 28, 2026, that no OMC should sell petrol below GH¢15.20 per litre from June 1 to June 16.
While the company has matched the regulatory floor for petrol, its diesel price remains above the NPA’s approved floor of GH¢15.49 per litre.
Industry observers are closely watching whether other major OMCs, including Goil, Shell, TotalEnergies and Zen Petroleum, will follow Star Oil’s lead and adjust their pump prices in the coming days.
Petrol Prices Expected to Rise Further
The Chamber of Oil Marketing Companies (COMAC) has projected that petrol prices could increase by between 4.2% and 6.2% during the current pricing window, potentially pushing prices to around GH¢15.92 per litre.
COMAC attributed the expected increase to continued pressure on the Ghana cedi, despite relatively lower global petroleum product prices and ongoing government-industry interventions aimed at cushioning consumers.
The chamber also noted that the intervention measure extended on May 16 has been removed for petrol and reduced for diesel, resulting in a gradual adjustment of local fuel prices towards international market levels.
With Star Oil setting the pace for the new pricing cycle, consumers will be monitoring the market closely to see how competing OMCs respond and what impact the changes will have on transportation and living costs.
CREDIT: MAVIS FANTEVI
