Chamber of Oil Marketing Companies — industry body that projects fuel price movements and engages with government on petroleum sector policy, including subsidy safeguards and pricing interventions.
… The latest pricing outlook released by the Chamber of Oil Marketing Companies (COMAC) and sighted by Joy Business indicates that petrol, diesel and LPG will all record reductions during the second pricing window of June. …
… Industry Projection According to the Chamber of Oil Marketing Companies (COMAC), the price of petrol is expected to go up between 4.20% and 6.20 %. …
… This is based on the price outlook of the various products released by the Chamber of Oil Marketing Companies(COMAC) on May 29, 2026, and sighted by Joy Business. …
… The Chamber of Oil Marketing Companies, led by its Chief Executive Officer, Dr. Riverson Oppong, paid a courtesy call on the Minister for Fisheries and Aquaculture, Emelia Arthur, to discuss growing concerns over the diversion, hoarding, and misuse of subsidized premix fuel. …
… stream Petroleum Value Chain,” brought together the Chief Executive of the National Petroleum Authority (NPA), chief executives of key industry players, representatives of security agencies, the Ghana Chamber of Bulk Oil Distributors (CBOD), the Chamber of Oil Marketing Companies …
… According to the statement, the Chamber of Oil Marketing Companies has recommended the use of real-time fuel tracking systems, including Automatic Tank Gauging technology, routine stock reconciliation and stricter monitoring of depot and refinery movements. …
Petrol, diesel, and LPG prices are projected to drop significantly during the second pricing window of June, with petrol expected to fall by up to 9.31% to around GH¢14.72 per litre. The decline is attributed to falling global oil prices, though cedi depreciation has limited the extent of the cuts.
Why it matters
Fuel prices projected to drop sharply (petrol down 9.31%) from June 16, providing immediate cost-of-living relief for Ghanaians.
Petrol, diesel, and LPG prices are projected to drop significantly during the second pricing window of June, with petrol expected to fall by up to 9.31% to around GH¢14.72 per litre. The decline is attributed to falling global oil prices, though cedi depreciation has limited the extent of the cuts.
Some Oil Marketing Companies have begun increasing petroleum product prices from June 1, 2026, in line with the bi-weekly price review under the deregulation policy. Star Oil raised petrol to GH¢15.20 per litre, matching the National Petroleum Authority's price floor, while the Chamber of Oil Marketing Companies projects petrol could rise 4.20–6.20%.
The Chamber of Oil Marketing Companies projects petrol prices will increase by 4.2% to 6.2% and LPG by up to 2.24%, while diesel is expected to decline by 1.65% to 2%. COMAC attributed the mixed movements to international market developments and ongoing government-industry interventions on fuel pricing.
Petrol prices are expected to rise between 4.20% and 6.20% to GH¢15.92 per litre, LPG to increase by 2.24% to GH¢17.30 per kilogramme, and diesel to decline between 1.65% and 2.00% to GH¢17.21 per litre from June 1, 2026, according to the Chamber of Oil Marketing Companies. The mixed price movements are attributed to lower global prices and continued Government-Industry interventions, with the joint measure's intervention zeroed out for petrol and reduced to GH¢1.07 for diesel.
The Ministry of Fisheries and Aquaculture is intensifying safeguards for Ghana's premix fuel subsidy system to ensure benefits reach genuine fisherfolk. The Chamber of Oil Marketing Companies met with the Minister to address concerns over diversion, hoarding, and misuse of subsidized fuel that was intended to support small-scale fishers and canoe operators.
Petrol is expected to increase by 5.29–7.30% to GHC 15.42 per litre, diesel by up to 7.30% to GHC 17.83 per litre, and LPG by 3% to GHC 17.10 per kilogramme, driven by higher international oil prices and cedi depreciation of 0.95% against the US dollar in the May 16 pricing window.
JP Trustees has launched Phase Two of the 24-Hour Economy Pilot Programme in Ghana's petroleum downstream sector at its JP Spintex Service Station, with the aim of boosting productivity and job creation through extended operational hours within the fuel retail value chain.
Petrol and diesel prices are expected to increase from May 16, 2026, even if the government extends its current intervention programme. With extension, petrol could rise by 2.5–3% to around GH¢14.50 per litre and diesel by 1.8% to about GH¢16.50; without extension, petrol could reach GH¢15.80 and diesel GH¢18.05, according to the Chief Executive Officer of the Chamber of Oil Marketing Companies.
The Institute of Economic Research and Public Policy has raised alarm over what it says are massive revenue leakages in Ghana's petroleum sector, reporting that more than 200 million litres of fuel cannot be accounted for between 2020 and 2025, resulting in tax revenue losses exceeding GH¢600 million. The institute cites weak monitoring systems at ports and throughout the petroleum distribution chain and calls for stricter enforcement, including real-time fuel tracking systems.
Oil marketing companies including Star Oil and Goil have reduced petrol and diesel prices in line with price floors announced by the National Petroleum Authority, with petrol set at GH¢13.25 per litre and diesel at a floor of GH¢14.30 per litre.
From May 1, 2026, petrol and diesel prices in Ghana are set to fall, with diesel dropping 6.77% to around GH¢15.87 per litre, while LPG is expected to rise 10.41% per kilogramme. The Chamber of Oil Marketing Companies attributes the decline to falling international crude prices and government–industry interventions, though the LPG increase reflects delayed effects of the current tender arrangement.