By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
ALWAYS FREDALWAYS FRED
Notification Show More
  • Home
  • Sports
  • Travel
  • National
  • Politics
  • Business & Economy
  • Entertainment
  • International
  • Africa
Reading: Petrol and LPG prices are set to rise, but diesel will fall from June 1
Share
ALWAYS FREDALWAYS FRED
Search
  • Home
  • Sports
  • Travel
  • National
  • Politics
  • Business & Economy
  • Entertainment
  • International
  • Africa
Follow US
© 2026 All Rights reserved | Powered by Alwaysfred
ALWAYS FRED > Business & Economy > Petrol and LPG prices are set to rise, but diesel will fall from June 1
Petrol and LPG prices are set to rise, but diesel will fall from June 1
Business & Economy

Petrol and LPG prices are set to rise, but diesel will fall from June 1

May 30, 2026 3 Min Read
Share
SHARE

Costs of petroleum merchandise are anticipated to fluctuate from June 1, 2026 onwards.

That is primarily based on the value outlook for numerous merchandise launched by the Chamber of Petroleum Advertising and marketing Corporations (COMAC) on Could 29, 2026 and confirmed by Pleasure Enterprise.

break

Based mostly on knowledge obtained from COMAC, gasoline costs are anticipated to extend by 4.20% to six.20%. This might lead to 1 liter costing 15.92 GH cents on the pump.

LPG, then again, might improve by as much as 2.24%, leading to GH ¢17.30 per kilogram.

Nevertheless, diesel is predicted to fall between 1.65% and a pair of.00%, leading to GH¢17.21 per liter.

These forecasts are primarily based on oil advertising and marketing firms that buy numerous petroleum merchandise on credit score from oil advertising and marketing firms.

Causes for blended value evaluations on Pumps

The Chamber of Oil Advertising and marketing Corporations (COMAC) mentioned the value evaluations had been blended on account of decrease international costs and continued authorities and {industry} intervention.

COMAC added that the joint government-industry measures prolonged from Could 16, 2026 performed a key position on this week’s value outlook, together with the extent of gasoline will increase.

See also  Ghana's financial sector will reach milestone of CHF647 billion in 2025 amid strong economic growth of 6.0%

With this revision, the intervention for petrol has been diminished to zero and for diesel it has been diminished to GH¢1.07. Because of this whereas costs will progressively regulate in direction of prevailing worldwide market costs, shoppers will proceed to have some aid from the affect of will increase in world market costs.

Curiously, the typical oil value fell from $112.07 to $110.59 per barrel in late Could.

Refined petroleum product costs within the worldwide market have additionally proven blended motion within the June 1 pricing body. LPG recorded the steepest decline at 5.53%, adopted by diesel at 5.35%, whereas gasoline noticed a modest improve at 3.0%.

Equally, the Ghanaian Cedi depreciated barely in opposition to main traded currencies. For June 1stcentIn 2026, the native foreign money rose from GH¢11.30 to GH¢11.59 per gallon.

The decline within the cedi has been pushed by greenback demand, dividend repatriation, disruptions to gold exports and warnings of Financial institution of Ghana intervention.

value flooring

On Could 28, 2026, the Nationwide Petroleum Authority introduced the ground value from June 1 to June 16, stating that oil advertising and marketing firms mustn’t promote one liter of gasoline for lower than GH¢20. This truly represents a rise from the value quote within the final pricing window.

See also  Some landlords force students into prostitution for high rent – ​​Rent Committee

Alternatively, diesel is ready at GH¢15.49 from the market value on Could 16, 2026.

This implies OMCs must promote beneath this value on the pump from June 1, 2026.

You Might Also Like

McIlroy says he’s more motivated than ever before returning

Shadow Squad: Who really chooses Ghana’s Black Stars?

Jamil Mallaby from Ghana conducts outdoor activities as chairman of WAFU Zone B Marketing Committee

Why 42% of Spanish tourists refuse travel insurance and the UK isn’t behind them.

Mr. Annaud-Dompre elected as chair of the PAP Health, Social Services and Labor Committee

TAGGED:BusinessNews
Share This Article
Facebook Twitter Copy Link
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News

Ablakwa denies reports that one Ghanaian has been evacuated from South Africa
Politics

Ablakwa denies reports that one Ghanaian has been evacuated from South Africa

See the areas affected by the ECG maintenance scheduled for Thursday (May 28).
19-year-old Fonseca confirms Djokovic’s win and shows title credentials
Interplast ranks among Africa’s top 50 fastest growing companies
JoyPrime’s Edith Agbeli wins Africa’s 100 Most Influential Women award
Sir David Attenborough turns 100: the world’s most popular broadcaster, naturalist and environmental activist celebrates

You Might Also Like

Ghana, as Minister of Finance and Governor of the Central Bank, strongly promotes investment to investors around the world in London.
Business & Economy

Ghana, as Minister of Finance and Governor of the Central Bank, strongly promotes investment to investors around the world in London.

June 8, 2026
Focus on governance, not intimidation — NPP Germany tells NDC government
Politics

Focus on governance, not intimidation — NPP Germany tells NDC government

May 24, 2026
MTN realigns continental leadership to advance Ambition 2030
Business & Economy

MTN realigns continental leadership to advance Ambition 2030

June 4, 2026
“The trial tested me, the NPP trusted me, I am here to deliver results,” Chairman Wontumi tells participants.
Politics

“The trial tested me, the NPP trusted me, I am here to deliver results,” Chairman Wontumi tells participants.

June 1, 2026

About US

Allknownfred is a news platform dedicated to delivering timely, accurate, and relevant reporting, with a strong focus on developments across Ghana. Our aim is to provide clear and dependable information that reflects the stories shaping the country today

Facebook Twitter Youtube

Categories

  • National
  • Sports
  • Politics
  • Business
  • Entertainment
  • Africa
  • International
  • Travel

Legal Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

EDITOR'S PICK

Mahama calls for legislation to criminalize sex for work
Majority MPs oppose minority group, insisting CHF14.61 billion is a cost of stability and not a BoG mismanagement
AfDB predicts Ghana growth rate of 5% in 2026
© 2026 All Rights reserved | Powered by Allknownfred

Powered by
►
Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
None
►
Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
None
►
Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
None
►
Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
None
►
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
None
Powered by
Welcome Back!

Sign in to your account

Lost your password?