Fuel prices in Ghana will see a slight decrease from May 1, 2026, with diesel experiencing a notable GHS 1.80 per litre reduction. Petrol will also drop by 2 pesewas per litre. The National Petroleum Authority (NPA) announced these changes as part of its regular bi-monthly review.
This adjustment is primarily due to movements in global crude oil prices and the cedi's exchange rate. The new pricing structure aims to offer some relief to consumers after earlier spikes. The NPA issued a pricing notice on April 28 outlining these revised benchmarks.
The price adjustments reflect how Ghana's economy is deeply connected to global energy markets. As an oil-importing nation, changes in international crude oil prices directly impact local fuel costs. The stability of the Ghana cedi against major currencies like the US dollar also plays a significant role in determining import expenses for petroleum products. These bi-monthly reviews are critical for managing inflation and consumer spending patterns across the country.
The NPA confirmed the new prices are in line with its Petroleum Products Pricing Guidelines. Petrol will retail at GHS 13.25 per litre. Diesel will now sell at GHS 14.30 per litre. LPG is set at GHS 13.02 per kilogramme, while kerosene will be GHS 16.13 per litre. Marine Gas Oil (Local) is priced at GHS 15.41 per litre.
Compared to mid-April prices, the GHS 1.80 per litre drop for diesel is substantial. Petrol's 2 pesewas reduction is less dramatic. These latest figures mark a continued easing in fuel costs. Earlier in April, diesel prices surged to GHS 17.10 per litre. This earlier rise was driven by higher global oil prices and a weaker cedi. Geopolitical tensions in the Middle East pushed Brent crude oil above $100 per barrel at that time, increasing Ghana's import costs.
Despite the current drops, diesel prices remain higher than those recorded in February and early March. The government has previously intervened to cushion consumers. From the April 16 window, it removed selected margins in the petroleum price build-up. This included GHS 2.00 per litre on diesel and GHS 0.36 on petrol. It is not yet clear if these specific subsidies will continue into the new pricing window.
The NPA has reminded Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to follow these new price floors. Companies can add their own margins, meaning actual pump prices may vary between stations. This standard practice ensures competition while adhering to regulatory benchmarks.
The latest price cuts are expected to bring modest relief to individuals and businesses. However, transport operators continue to express concerns. They warn that sustained high fuel prices could lead to increased transport fares. Such fare adjustments would have broader implications for the cost of living and inflation pressures within Ghana.
The new pricing structure officially takes effect on May 1, 2026. The NPA will conduct its next review mid-month. This ongoing monitoring ensures prices reflect international market dynamics and domestic economic conditions.