Consumers across Ghana are expected to pay more for petrol and Liquefied Petroleum Gas (LPG) in the first pricing window of June, following upward adjustments by several Oil Marketing Companies (OMCs). The latest fuel price review indicates a rise in the prices of petrol and LPG, while diesel has recorded a slight reduction.
The adjustments come amid fluctuations in global crude oil prices and movements in the foreign exchange market, factors that continue to influence fuel pricing on the local market.
Petrol prices have increased by a modest margin, pushing the cost per litre higher at various filling stations nationwide. LPG users are also expected to feel the impact as prices for the cooking fuel rise during the period under review.
In contrast, diesel prices have experienced a slight decline, offering some relief to commercial transport operators, businesses, and industries that rely heavily on the fuel for operations.
Industry analysts attribute the mixed price movements to changing international petroleum product prices and the performance of the Ghana cedi against major trading currencies. They note that while the cedi has shown signs of stability in recent months, global market developments continue to exert pressure on fuel costs.
The latest adjustments are expected to have implications for transportation fares, household expenditure, and business operating costs, particularly as fuel remains a key driver of inflation and economic activity.
Consumers and businesses are therefore being advised to monitor fuel price trends closely as market conditions evolve throughout the month.
