The National Petroleum Authority (NPA) will raise the minimum selling price for petrol. This change takes effect during the first pricing window of June 2026. The new price floor for petrol is GHS 15.20 per litre. This is GHS 0.60 higher than the previous price.
Liquefied Petroleum Gas (LPG) will also see a price floor increase. The new floor is GHS 13.48 per kilogram. This is a rise of GHS 0.32. Diesel prices, however, are expected to decrease slightly. The price floor for diesel will be GHS 15.49 per litre. This is a drop of GHS 0.32 from the last pricing window.
These adjustments reflect changes in global oil markets. They also consider Ghana's economic conditions. The NPA sets these price floors. They are the lowest prices approved for fuel sales. Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) must follow these guidelines.
The NPA also noted that these floors do not include extra charges. These can be from international traders or local distributors. Each company sets its own additional operating costs and profit margins. These are added on top of the NPA's approved price floors.
This situation follows government decisions on fuel relief measures. The government recently reviewed its support for fuel prices. It had introduced these measures to help consumers. Rising global tensions in the Middle East had pushed fuel prices up. The government has now removed the GHS 0.36 per litre subsidy on petrol. The subsidy on diesel has also been reduced. It went from GHS 2.00 per litre down to GHS 1.07 per litre.
These new subsidy levels will be in place for two pricing windows. The government may review them again. This depends on how international oil prices and market conditions change. The recent increases in petrol prices are a key indicator of inflation pressures. Such changes directly impact transport costs for businesses and households.
Consumers will feel the effect of higher petrol prices. This could lead to increased transportation expenses. Businesses that rely on fuel will face higher operating costs. This might trickle down to the prices of goods and services. The reduction in diesel prices offers some relief. This is particularly for industries that use diesel heavily, like transport and manufacturing.
The NPA's role in setting these price floors is crucial. It aims to balance market stability with consumer protection. The ongoing monitoring of international markets and local economic factors is key. These decisions directly impact household budgets. They also influence the competitiveness of Ghanaian businesses.