Fuel price floors in Ghana have increased marginally for the second pricing window of May 2026, with diesel recording the sharpest rise amid continued volatility in global crude oil markets and geopolitical tensions in the Middle East.
New figures released by the National Petroleum Authority (NPA) show that petrol will now sell at a minimum ex-pump price of GHȼ14.60 per litre, while diesel has been pegged at GHȼ15.81 per litre. Liquefied Petroleum Gas (LPG) will also sell at a floor price of GHȼ13.16 per kilogram.
The latest adjustments represent increases from the first pricing window of May, when petrol was priced at GHȼ13.25 per litre, diesel at GHȼ14.30 per litre, and LPG at GHȼ13.02 per kilogram.
Diesel records highest increase
Among the three petroleum products, diesel recorded the largest upward adjustment, rising by GHȼ1.51 per litre. Petrol increased by GHȼ1.35 per litre, while LPG prices edged up by 14 pesewas per kilogram.
The revised floors are expected to shape pump prices announced by oil marketing companies in the coming days, although actual retail prices may differ depending on operational costs, distribution margins and competition among retailers.
The NPA explained that the approved ex-pump price floors do not include premiums charged by international oil trading companies, operational margins of bulk import distribution and export firms, or dealers’ and marketers’ margins.
Under Ghana’s Petroleum Products Pricing Guidelines, oil marketing companies and LPG marketing companies are required to comply with the approved benchmark prices within the designated pricing window.
Consumers call for extended relief
The latest increases come at a time when concerns over fuel affordability and inflationary pressures remain high. Rising fuel costs are expected to affect transport fares, production costs and prices of goods and services across the economy
.Meanwhile, the Chamber of Petroleum Consumers (COPEC) is urging government to extend existing fuel tax relief measures by another month to cushion consumers against further price hikes.
According to the Chamber, the factors that triggered the intervention, including tensions in the Middle East and persistent instability in global crude oil prices, remain unresolved and continue to threaten fuel price stability in Ghana.
The development also reflects growing pressure on fuel-importing economies like Ghana, where fluctuations in international oil prices and exchange rates continue to influence domestic petroleum pricing.
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