OMCs increase in fuel prices at pumps: GOIL sells petrol at GH¢13.30 and diesel GH¢17.10

Some OMCs Increase Fuel Prices Ahead of April 1 Adjustment Following NPA Price Floor

Several Oil Marketing Companies (OMCs) in Ghana have begun increasing pump prices ahead of the official April 1–15, 2026, adjustment window under the Price Deregulation Policy.

One of the largest players in the sector, GOIL, announced via social media that petrol prices have risen from GH¢12.24 to GH¢13.30 per litre, while diesel prices increased from GH¢15.69 to GH¢17.10 per litre.

GOIL explained that the early hike was influenced by the new price floors set by the National Petroleum Authority on March 30, 2026, even though the official adjustment period is from April 1 to 15. It remains unclear how other major OMCs will respond to the directive, though some analysts suggest prices might have been lower if the NPA’s strict enforcement of the floor was less stringent.

Another OMC, Star Oil, also announced increases:

• Petrol: GH¢12.19 → GH¢13.49 per litre
• Diesel: GH¢14.25 → GH¢17.97 per litre

These increases were reported to take effect from 8:00 a.m. on March 31, 2026.

New Price Floors Set by NPA

The NPA issued a circular on March 30, 2026, establishing new minimum price floors for petroleum products during the April 1–15 adjustment window:

• Petrol: GH¢11.57 → GH¢13.30 per litre (+GH¢1.73)
• Diesel: GH¢14.35 → GH¢17.10 per litre (+GH¢2.75)
• Liquefied Petroleum Gas (LPG): GH¢10.67 → GH¢10.71 per kilogram

The NPA instructed all OMCs and LPG Marketing Companies (LPGMCs) to comply with these floors. The prices exclude:

• Premiums from International Oil Trading Companies (IOTCs)
• Operating margins of Bulk Import, Distribution and Export Companies (BIDECs)
• Margins set independently by OMCs and LPGMCs

Implications for Consumers

From April 1, 2026, no OMC or LPGMC will be permitted to sell below the approved floors. Companies currently selling below these levels must adjust prices immediately. This means:

• Petrol cannot be sold below GH¢13.30 per litre
• Diesel cannot be sold below GH¢17.10 per litre

GOIL’s early adjustment reflects compliance with the NPA’s new directives ahead of the official effective date. Consumers should expect all major fuel products to align with the revised floors by the start of April, as the authority enforces its pricing guidelines.