Fuel Prices Rise As Star Oil Raises Petrol To GH¢16.77, Diesel To GH¢17.77

Oil Marketing Companies (OMCs) have started adjusting pump prices for the second pricing window of September, with Star Oil among the first to announce increases.

Effective Wednesday, September 16, Star Oil increased the price of petrol from GH¢15.17 to GH¢16.77 per litre, representing an increase of more than 6%.

The company also raised the price of diesel from GH¢16.97 to GH¢17.77 per litre, a 4.71% increase.

Star Oil attributed the adjustments to higher international petroleum product prices and a slight depreciation of the Ghana cedi.

More OMCs are expected to review their prices, although some companies have indicated they will continue monitoring market conditions and competition before making adjustments.

The Group Chief Executive of GOIL, Edward Bawa, recently said the company would not rush to increase pump prices, noting that it was assessing the latest market developments before making a decision.

Meanwhile, the Chamber of Oil Marketing Companies (COMAC) has attributed the latest price increases to rising crude oil and refined petroleum product prices on the international market, as well as pressure on the cedi.

The Chamber said the cedi depreciated by 1.01% to GH¢11.4849 to the US dollar based on average bank rates between August 27 and September 11, 2026.

The National Petroleum Authority (NPA) has also increased the price floor for the second pricing window beginning September 16.

The petrol price floor has been raised from GH¢14.53 to GH¢16 per litre, while the diesel price floor has increased from GH¢15.60 to GH¢16.77 per litre. The LPG price floor has been set at GH¢10.97 per kilogramme.

The latest fuel price increases could also renew pressure from the Ghana Private Road Transport Union (GPRTU) for higher transport fares amid rising operational costs.