Petrol prices to fall 9.3%, diesel by 1.7% in second June pricing window
Fuel prices are expected to decline from June 16, 2026, as the second pricing window takes effect, offering some relief to consumers and businesses.
Petrol is projected to record the sharpest reduction, falling by 9.31%, while diesel is expected to decline by 1.65% and liquefied petroleum gas (LPG) by 0.52%.
The projections are contained in the latest pricing outlook released by the Chamber of Oil Marketing Companies (COMAC).
According to the Chamber, the anticipated reductions are being driven primarily by a significant drop in international refined petroleum product prices, marking the steepest decline recorded since the start of 2026.
However, the impact on diesel prices is expected to be more modest due to the full removal of the government-industry intervention mechanism, while LPG prices remain constrained by existing tender arrangements that have locked in supply costs.
Oil prices eased sharply in mid-June, falling from US$110.59 per barrel to US$97.32 per barrel, representing a significant 12% decline.
Refined petroleum product prices also declined markedly for the June 16 pricing window, recording the largest reductions so far in 2026. LPG posted the steepest drop at 19.94%, followed by petrol at 15.21% and diesel at 10.17%.
Meanwhile, the Ghana cedi depreciated slightly against major trading currencies. For the June 16, 2026 pricing window, the exchange rate moved from GH¢11.59 to GH¢11.80 to the dollar, representing a 2.45% depreciation.
The development comes even as the National Petroleum Authority announced lower price floors for three key petroleum products for the second pricing window of June.
The benchmark price floor for diesel has been set at GH¢15.11 per litre, down from GH¢15.49 per litre in the first pricing window of June, representing a decline of GH¢0.38 per litre or about 2.5%.
The price floor for petrol has seen the sharpest reduction, falling to GH¢13.39 per litre from GH¢15.20 per litre in the first pricing window.
This represents a decrease of GH¢1.81 per litre, equivalent to nearly 12%.
For LPG, the price floor has been reduced to GH¢13.23 per kilogram from GH¢13.48 per kilogram previously, a decline of GH¢0.25 per kilogram or about 1.9%.
The price floors represent the minimum benchmark prices at which Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) are expected to retail petroleum products during the second pricing window of June.
Source: citinewsroom.com by Daniel Sackitey
