Major Oil Marketing Companies (OMCs) have begun upwardly adjusting fuel prices at the pumps ahead of the April 1, 2026, scheduled window under the Price Deregulation Policy.
GOIL, a leading industry player, announced via social media that the price of petrol has risen from GH¢12.24 to GH¢13.30 per litre, while diesel has increased from GH¢15.69 to GH¢17.10 per litre. The company attributed the hike to the new price floors set by the National Petroleum Authority (NPA) on March 30, 2026, despite the official adjustment window being slated for April 1–15, 2026.
While it is yet to be seen how other OMCs will react, some stakeholders have argued that prices could have remained lower were it not for the strict enforcement of the NPA’s minimum price requirements.
Star Oil has also reviewed its prices upward. Petrol at Star Oil has moved from GH¢12.19 to GH¢13.49 per litre, while diesel has jumped from GH¢14.25 to GH¢17.97. These changes reportedly took effect at 8 am on March 31, 2026.
The adjustments follow a March 30 circular from the NPA establishing new minimum price floors for the upcoming window. The floor for petrol has moved from GH¢11.57 to GH¢13.30 per litre, an increase of GH¢1.73. Diesel saw a GH¢2.75 increase over the last fortnight, moving from GH¢14.35 to GH¢17.10 per litre. Liquefied Petroleum Gas (LPG) also saw a marginal floor increase from GH¢10.67 to GH¢10.71 per kilogram.
The NPA has directed all OMCs and LPG Marketing Companies (LPGMCs) to adhere to these floors. These figures exclude premiums from International Oil Trading Companies (IOTCs), as well as the independently determined operating margins for Bulk Import, Distribution and Export Companies (BIDECs), OMCs, and LPGMCs.
Consequently, from April 1, 2026, no provider is permitted to sell petrol below GH¢13.30 per litre or diesel below GH¢17.10 per litre. Companies currently trading below these benchmarks are required to adjust their prices immediately. GOIL’s early price shift indicates a move toward compliance before the official deadline, signaling a general market alignment with the revised floors by the start of April.