On April 1, 2026, GOIL announced significant increases in fuel prices, setting a new price floor for petrol and diesel. This change comes amid ongoing fluctuations in the global oil market and the depreciation of the Ghana cedi.
GOIL’s petrol price rose from GH¢12.24 to GH¢13.30 per litre, while diesel increased from GH¢15.69 to GH¢17.10 per litre. Similarly, StarOil adjusted its prices, with petrol now costing GH¢13.49 per litre and diesel priced at GH¢17.97 per litre.
The National Petroleum Authority (NPA) has established a new price floor for petrol at GH¢13.30 per litre and for diesel at GH¢17.10 per litre, effective from the same date. This marks an increase of GH¢1.73 from the previous petrol price floor of GH¢11.57 per litre.
Notably, the price of Super XP 95 remains unchanged at GH¢14.35 per litre, and the price floor for Liquefied Petroleum Gas (LPG) is set at GH¢10.71 per kilogram.
These price adjustments are attributed to rising prices of refined petroleum products on the international market, coupled with the depreciation of the Ghana cedi. Fuel price increases have become a recurring issue in Ghana, with adjustments occurring every pricing window based on market conditions.
As consumers face higher fuel costs, the exact impact on transportation fares and the overall cost of goods remains unclear. Details remain unconfirmed regarding how these changes will affect daily life for Ghanaians.
The Chamber of Petroleum Consumers has expressed concern over the implications of these price hikes, emphasizing the need for transparency and stability in the fuel market.
In summary, the recent increases in GOIL fuel prices reflect broader economic challenges and market dynamics, affecting both consumers and businesses across Ghana.
