Fuel Prices Go Up Today …Petrol May Hit GHC 14.32, Diesel GHC 16.10

Ghanaians should brace themselves for higher fuel costs, as the prices of petrol, diesel, and liquefied petroleum gas (LPG) are projected to increase by 16.93%, 17.21%, and 11.26%, respectively, starting from today.

The projected price increase could see a litre of petrol selling at GHC 14.32, while the price of a litre of diesel could be as high as GHC 16.10, placing additional pressure on consumers already struggling with high living costs.

According to a latest outlook report by the Chamber of Oil Marketing Companies (COMAC), the anticipated increases are largely due to rising global crude oil prices, driven by escalating geopolitical tensions in the Middle East and disruptions along the Strait of Hormuz, a major maritime route for global oil shipments. These developments have tightened global supply and pushed international petroleum prices higher.

NPA Sets New Minimum Prices

Meanwhile, the National Petroleum Authority (NPA) has announced new price floors for petroleum products for the second pricing window of March 2026, effective today, March 16, 2026.

Under the revised price structure, the minimum price for petrol has increased from GH¢10.46 to GH¢11.57 per litre. Diesel has also seen a major adjustment, rising from GH¢11.42 to GH¢14.35 per litre. The price floor for LPG has been raised from GH¢9.38 to GH¢10.67 per kilogram.

With these new thresholds in place, no Oil Marketing Company (OMC) or LPG Marketing Company (LPGMC) will be allowed to sell below the approved price floors during this pricing window.

Companies currently selling below these levels will be required to increase their pump prices to meet the new minimums. This means petrol cannot be sold below GH¢11.57 per litre, while diesel must not be sold for less than GH¢14.35 per litre.

In line with the Petroleum Products Pricing Guidelines (PPPG), all OMCs and LPGMCs are expected to comply with the revised price floors.

This marks the fourth time since January that fuel prices have been projected to rise in Ghana. However, it is the first time this year that such a significant increase per litre is being recorded across the major petroleum products.

On the international market, petroleum product prices have risen sharply. Diesel prices increased by as much as 43%, LPG by 23.96%, and petrol by 19.41%. Global crude oil prices also surged in mid-March 2026, climbing from $71.41 to $86.55 per barrel.