What are the current fuel prices in Ghana today? As of March 16, 2026, petrol prices have risen sharply, with Star Oil now charging GH¢12.49 per litre for petrol and GH¢15.99 per litre for diesel. GOIL, another major fuel supplier, has set its prices at GH¢11.57 per litre for petrol and GH¢14.35 per litre for diesel.
This surge in fuel prices is largely attributed to a significant increase in global crude oil prices, which rose from $71.41 to $86.55 per barrel in mid-March 2026. The Chamber of Oil Marketing Companies (COMAC) has projected that petrol prices could increase by as much as 16.93%, potentially reaching GH¢14.32 per litre, while diesel prices may rise by 17.21% to GH¢16.10 per litre.
International refined product prices have also surged, with diesel prices experiencing increases of up to 43%. These price hikes are primarily driven by geopolitical tensions in the Middle East and disruptions in the Strait of Hormuz, which have created instability in the global oil market.
Riverson Oppong, a representative from COMAC, stated, “The ex-refinery price depends solely on international benchmark prices.” He further emphasized the impact of global market conditions, noting, “You cannot have a refinery with a capacity of over 500,000 barrels per day shutting down and expect the global market to remain stable.”
Despite these increases, Oppong assured consumers that Ghana is not currently facing a fuel supply shortage, indicating that the domestic supply chain remains intact amid rising prices.
Recent fuel price increases in Ghana are largely the result of global market pressures rather than domestic policy decisions. As the situation evolves, consumers and industry stakeholders will be closely monitoring further developments in both local and international markets.
Details remain unconfirmed regarding potential future price adjustments, but the current trends suggest that consumers may need to brace for additional increases in the coming weeks.
