Petrol and Liquefied Petroleum Gas (LPG) prices are set to inch up in the second pricing window of April, while diesel is expected to record a notable decline, according to the latest outlook by the Chamber of Oil Marketing Companies (COMAC).
The report projects a 3.01% increase in petrol prices and a 0.90% rise in LPG, while diesel is expected to drop by 3.86%, despite continued increases in international petroleum product prices.
COMAC attributes the relatively moderate price movements to a coordinated intervention between government and industry players aimed at cushioning consumers from sustained global price pressures. Without this measure, all fuel products would have recorded sharper increases during the pricing window.
Globally, crude oil prices have surged significantly in 2026, rising from an average of $109.66 per barrel to $129.80 per barrel — an 18.37% jump. The outlook notes that the resumption of flows through the Strait of Hormuz remains critical to stabilizing energy supply and easing pressure on global markets.
International petroleum product prices have now increased for the seventh consecutive pricing window since January, with LPG recording the highest jump at 9.38%, followed by diesel at 6.98% and petrol at 2.77%.
On the domestic front, the Ghana cedi recorded a slight depreciation, weakening from GH¢11.05 to GH¢11.13 against the US dollar for the April 16 pricing window, representing a 0.74% decline.
To mitigate the impact on consumers, government has revised downward selected taxes, levies, and regulatory margins within the petroleum price build-up. Effective April 16, statutory margins for key products — particularly petrol and diesel — have been reduced under a burden-sharing arrangement with industry stakeholders.
As part of the intervention, government announced a reduction of GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol. The temporary measure, expected to last one month, will be reviewed based on developments in the global oil market.
Under the new pricing window, petrol is projected to sell at a minimum of GH¢13.27 per litre, slightly lower than GH¢13.30 in the previous window. Diesel is expected to see a more substantial drop, with its price floor reduced to GH¢16.10 per litre from GH¢17.10.
In contrast, LPG will see a marginal increase, with the price floor rising to GH¢10.79 per kilogram from GH¢10.71.
Under Ghana’s petroleum pricing framework, these price floors represent the minimum rates at which Oil Marketing Companies and LPG Marketing Companies can sell their products. They exclude additional costs such as premiums set by international trading firms, as well as margins determined independently by bulk distributors, marketers, and dealers.
The intervention signals a short-term strategy to balance consumer protection with market stability, as authorities navigate persistent volatility in global oil prices.
