NPA price floor: Consumers to pay at least GH¢14.53 for petrol, diesel pegged at GH¢16.97

The National Petroleum Authority (NPA) released the price floor for August 1 to 15, 2026, suggesting a likely increase in fuel prices. Based on this price floor, consumers will pay at least GH¢14.53 for petrol and GH¢16.97 for diesel. Diesel may witness the highest increase, moving from GH¢14.35 to GH¢16.97 per litre. Petrol could go up by more than 9.0%, increasing to GH¢14.53 from GH¢13.28. LPG will now sell at GH¢11.06.

The NPA reminded all industry players, including Oil Marketing Company (OMCs) and LPG Marketing Company (LPGMC), not to sell petroleum products below the approved price floor during the pricing window. The Chamber of Petroleum Consumers (COPEC) had projected that fuel prices could go up by a significant margin from the beginning of next month, August 1, 2026. This projection was based on the current pressure on the cedi and the increase in the price of finished petroleum products on the international market. The NPA stated that price floors exclude premiums charged by International Oil Trading Companies (IOTCs) and operating margins of BIDECs, as well as the Marketers' and Dealers' Margins of OMCs/LPGMCs. Most OMCs will be working with this new price floor for the coming window.