Several Oil Marketing Companies (OMCs) in Ghana have started reviewing their pump prices as the first September 2026 fuel pricing window gets underway.
The latest adjustments come after most major fuel retailers initially kept their prices unchanged, despite expectations that petrol and diesel prices could increase during the first pricing window of September. Star Oil was an exception, having already adjusted its prices earlier in the window.
Star Oil Increases Petrol and Diesel Prices
Star Oil has increased its fuel prices for the second time during the first September pricing window.
The company has raised the price of diesel from GH¢16.97 to GH¢17.26 per litre, while petrol has gone up from GH¢14.97 to GH¢15.43 per litre.
However, Star Oil has maintained the price of RON 95 at GH¢17.97 per litre.
The OMC attributed the latest fuel price adjustment to rising international refined petroleum product prices, despite the recent appreciation of the Ghana cedi against major international currencies.
GOIL Maintains Fuel Prices
State-owned GOIL has maintained the prices it introduced during the second pricing window of August.
At GOIL stations, petrol is currently selling at GH¢15.43 per litre, while diesel is priced at GH¢17.26 per litre. Super XP 95 remains at GH¢17.97 per litre.
GOIL explained that keeping its fuel prices unchanged is intended to provide some relief to consumers amid changing conditions in the Ghana petroleum market.
Shell Keeps Petrol and Diesel Prices Unchanged
Shell Ghana has also maintained its pump prices, with petrol selling at GH¢15.99 per litre and diesel at GH¢17.59 per litre.
The company’s V-Power product is retailing at GH¢17.99 per litre, according to checks conducted on Wednesday morning.
TotalEnergies Increases Petrol Price
Meanwhile, TotalEnergies has increased the price of petrol from GH¢15.99 to GH¢16.18 per litre, while diesel remains unchanged at GH¢17.59 per litre.
Excellium 95 is currently selling at GH¢17.99 per litre at TotalEnergies filling stations.
The different price movements among major OMCs reflect competition within Ghana’s downstream petroleum sector. Fuel companies continue to monitor international refined petroleum prices, exchange-rate movements and competitors’ pricing decisions before determining their pump prices.
International Oil Prices Could Affect Ghana Fuel Prices
The latest changes come amid continued pressure on the international oil market, with Brent crude oil trading above $95 per barrel as renewed geopolitical tensions in the Middle East create uncertainty in global energy markets.
If elevated international crude and refined petroleum product prices persist, Ghanaian consumers could see additional fuel price increases during future pricing windows.
NPA Increases Petrol and Diesel Price Floors
The National Petroleum Authority (NPA) has also increased the price floors for petrol and diesel for the first pricing window of September compared with the second pricing window of August.
The minimum price floor for petrol has been increased from GH¢13.92 to GH¢14.53 per litre.
For diesel, the price floor has risen from GH¢15.19 to GH¢15.60 per litre.
However, LPG recorded a reduction in its price floor, falling from GH¢10.98 to GH¢10.85 per kilogram.
What NPA Price Floors Mean
NPA price floors represent the minimum prices at which Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) are permitted to sell petroleum products during a specific pricing window.
Under Ghana’s Petroleum Product Pricing Guidelines, OMCs and LPGMCs are required to comply with the applicable price floors.
The price floors do not include certain additional components, including premiums charged by International Oil Trading Companies, operating margins of Bulk Import, Distribution and Export Companies, as well as marketers’ and dealers’ margins.
These components are determined independently by the respective companies in accordance with the applicable pricing guidelines.
Government Extends GH¢2 Diesel Margin Reduction
The government has also extended the GH¢2 per litre reduction in the regulatory margin on diesel into the September pricing window.
The measure forms part of efforts to cushion consumers against the impact of rising petroleum product prices in Ghana.
The intervention is expected to reduce some of the pressure on diesel consumers as OMCs continue to review their pump prices in response to developments in the global oil market, exchange rates and local market conditions.
Consumers are therefore being advised to monitor fuel prices across different filling stations as the September pricing window progresses.
Source: newsthemegh.com