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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
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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.

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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.

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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.

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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.

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