Fuel prices expected to rise as NPA raises petrol, diesel and LPG floors

Fuel prices across Ghana are expected to increase in the coming days after the National Petroleum Authority announced higher ex-pump price floors for petrol, diesel and liquefied petroleum gas (LPG) for the second pricing window of May 2026.

According to the new pricing figures, petrol will now sell at a minimum price floor of GH¢14.60 per litre, while diesel has been pegged at GH¢15.81 per litre. LPG will also retail at a minimum floor price of GH¢13.16 per kilogram.

The revised figures represent a notable increase compared to the first pricing window of May 2026, when petrol sold at GH¢13.25 per litre, diesel at GH¢14.30 per litre, and LPG at GH¢13.02 per kilogram.

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Diesel recorded the highest jump, increasing by GH¢1.51 per litre, followed by petrol, which rose by GH¢1.35 per litre. LPG saw a marginal increase of 14 pesewas per kilogram.

The new price floors are expected to influence pump prices nationwide as oil marketing companies adjust their retail rates in line with the updated pricing window.

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The National Petroleum Authority explained that the approved ex-pump price floors exclude additional charges such as international trading premiums and operating margins of bulk import and distribution companies, as well as marketers’ and dealers’ margins.

Under Ghana’s Petroleum Products Pricing Guidelines, all oil marketing and LPG marketing companies are required to comply strictly with the approved price floors within each pricing window.

The price floor serves as the minimum benchmark allowed for petroleum product sales during a specific period, helping regulate pricing stability in the downstream oil sector.

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Meanwhile, the government has introduced a new fuel price intervention aimed at cushioning consumers against rising global petroleum costs.

In a statement issued by the Ministry of Energy and Green Transition on May 15, 2026, the government said the decision followed a Cabinet meeting chaired by President John Dramani Mahama to assess global oil market trends.

Following a review, the government has extended its diesel support, absorbing GH¢1.07 per litre effective May 16, 2026, as part of ongoing efforts to stabilise fuel prices and reduce the impact on consumers.