Petroleum product prices are anticipated to increase starting on May 16, 2026.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

Prices of petroleum products are expected to rise from May 16, 2026, even if the government extends its current programme aimed at cushioning consumers against rising crude oil prices.

This is according to the Chief Executive Officer of the Chamber of Oil Marketing Companies, Dr Riverson Oppong.

Speaking to JOYBUSINESS in an interview, he outlined two possible scenarios depending on whether the policy is extended beyond its May 16 expiration date.

Under the first scenario, where government extends the policy, petrol prices are expected to increase by about 2.5% to 3% per litre, potentially pushing a litre of petrol to around GH¢14.50.

Diesel is also projected to rise by about 1.8% per litre, which could take the price to about GH¢16.50.

Source: newsthemegh.com