The National Petroleum Authority (NPA) has announced lower price floors for petrol and a more significant fall for diesel in its most recent pricing window, thus fuel prices in Ghana are anticipated to drop marginally starting on May 1, 2026.
The NPA stated in a pricing notice published on April 28 that the adjustment is a component of its bi-monthly review for the period of May 1 to May 15, accounting for fluctuations in exchange rates and changes in the price of crude oil globally.
According to the Petroleum Products Pricing Guidelines, “the National Petroleum Authority has set the ex-pump price floors for the May 1 to 15 window.”
Diesel is now sold for GH14.30 per litre, while petrol is now priced at GH13.25 per litre under the updated pricing system.
Kerosene and Marine Gas Oil (local) are priced at GH16.13 and GH15.41, respectively, while Liquefied Petroleum Gas (LPG) is set at GH13.02 per kilogram.
Diesel has dropped more dramatically by GH¢1.80 a litre compared to the previous pricing window in mid-April, while petrol has seen a slight decline of 2 pesewas.
Following notable spikes earlier in April, when diesel reached a peak of GH¢17.10 per litre due to rising global crude oil prices and a declining cedi, this adjustment represents a continuing downward trend.
Geopolitical tensions in the Middle East, which at the time drove Brent crude prices beyond $100 per barrel and increased import costs for fuel-dependent nations like Ghana, contributed to the previous jump.
Diesel prices, on the other hand, have decreased by GH¢2.80 since their peak in early April, but they are still higher than those in February and early March.
While enabling them to use their own margins, the NPA has urged Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to follow the declared price floors. Actual pump prices may therefore differ between stations.
“As per the Petroleum Products Pricing Guidelines, all OMCs and LPGMCs are entreated to comply with the above price floors for the window under consideration,” the Authority continued.
Customers should feel somewhat better with the most recent pricing adjustment. Transport companies have warned, nevertheless, that continuously high gasoline prices may still result in tariff rises, which would have wider effects on inflation and the cost of living.
The new price structure will go into effect on May 1, 2026, and it will be reviewed in the middle of the month.
Source: newsthemegh.com