Some Oil Marketing Companies (OMCs) have started increasing pump prices ahead of the scheduled April 1, 2026, adjustments under the Price Deregulation Policy.
One of the biggest players in the industry, GOIL, announced in a social media post that petrol has increased from GH¢12.24 to GH¢13.30 per litre, while diesel has risen from GH¢15.69 to GH¢17.10 per litre.
The company said the increase is influenced by the new price floor announced by the National Petroleum Authority (NPA) on March 30, 2026, even though the official adjustment window is April 1–15, 2026.
It remains unclear how other major OMCs will adjust their prices in response. Some had argued that prices could have been kept lower if not for the strict enforcement of the NPA’s price floor.
New Price Floor Set by NPA
The NPA set new minimum price floors for petroleum products for the April 1, 2026, window in a circular sent to OMCs on March 30, 2026.
- Petrol: GH¢11.57 → GH¢13.30 per litre (+GH¢1.73)
- Diesel: GH¢14.35 → GH¢17.10 per litre (+GH¢2.75 over the last two weeks)
- Liquefied Petroleum Gas (LPG): GH¢10.67 → GH¢10.71 per kilogram
The authority directed all OMCs and LPG Marketing Companies (LPGMCs) to comply with these floors.
The prices exclude premiums charged by International Oil Trading Companies (IOTCs), operating margins of Bulk Import, Distribution and Export Companies (BIDECs), and the margins of OMCs and LPGMCs, which are independently determined.
Implications for Consumers
From April 1, 2026, no OMC or LPGMC will be permitted to sell below the approved price floors. Companies currently selling below these levels must adjust their pump prices immediately. This means:
- Petrol cannot be sold below GH¢13.30 per litre
- Diesel cannot be sold below GH¢17.10 per litre
Summary
GOIL’s early adjustment signals a move to comply with the NPA’s new directives ahead of the official April 1 effective date. Consumers can expect all major fuel products to align with the revised floors by the start of April, as the authority enforces its pricing guidelines.
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Source: www.myjoyonline.com
