Retail prices of petrol, diesel, and LPG are expected to fall significantly from Tuesday, June 16, 2026, offering relief to Ghanaian consumers and businesses.
COMAC says the projected reductions are mainly due to a sharp decline in global crude oil prices and has forecast lower petroleum prices for the second pricing window of June.
The expected decline in fuel prices is set to bring welcome relief to motorists, households, and transport operators who have been dealing with elevated operating expenses.
In its latest statement, COMAC detailed the anticipated changes at fuel stations, noting that petrol is projected to record the steepest reduction. Prices could fall by as much as 9.31%, bringing the retail price floor to approximately GH¢14.72 per litre and delivering meaningful savings for consumers.
A 1.65% decrease in diesel is anticipated, resulting in a pump price of roughly GH¢17.02 per litre.
Retail prices for LPG are expected to drop by 0.52% to roughly GH¢17.20 per kilogram.
A significant decline in the global energy market is the main cause of this respite, according to COMAC.
Following political developments, such as a mediated peace deal between the US and Iran, which indicated the reopening of the vital Strait of Hormuz, global benchmarks for crude oil fell sharply.
West Texas Intermediate (WTI) crude in the United States sank 5.6% to $80.13 per barrel after the announcement, while Brent crude lost 4.8% to $83.18 per barrel.
Ghana’s Oil Marketing Companies (OMCs) now have much lower procurement costs as a result of the decline in the price of imported refined products.
For Ghanaian customers, the cuts occur at a critical juncture. Due to rising gasoline prices, local transport unions, such as the Ghana Private Road Transport Union (GPRTU), increased transit fares by 20% earlier this month.
The significant drop under the National Petroleum Authority’s (NPA) price structure, according to industry analysts, should help stabilise transportation costs and lessen overall inflationary pressures on food and other necessities.
Starting on Tuesday, June 16, 2026, individual OMCs are anticipated to reflect the lower prices at their various service stations around the country.
 price structure, according to industry analysts, should help stabilise transportation){kind=link}