Petrol now GH¢13.30, diesel at GH¢17.10 as NPA increases fuel price floor for April 1 window
The National Petroleum Authority (NPA) has set new minimum price floors for petroleum products for the April 1, 2026, window. Under the revised price floor, petrol has increased from GH¢11.57 to GH¢13.30 per litre, representing about 1.73% increase. Diesel has risen from GH¢14.35 per litre to GH¢17.10. The price floor of diesel has gone up by GH¢2.75 over the last two weeks. Liquefied Petroleum Gas (LPG) has also been adjusted upward to GH¢10.71 per kilogramme from the previous GH¢10.67.
The NPA stated in a notice to Oil Marketing Companies (OMCs) that "As per the Petroleum Products Pricing Guidelines (PPPG), all Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) are entreated to comply with the above price floors for the window under consideration." The NPA also clarified that the quoted prices exclude premiums charged by International Oil Trading Companies (IOTCs), as well as the operating margins of Bulk Import, Distribution and Export Companies (BIDECs) and the marketers' and dealers' margins of OMCs and LPGMCs. Some players in the industry, including the Chamber of Oil Marketing Company (COMAC) have questioned the "relevance" of this Price Floor. The Executive Secretary of the Chamber of Petroleum Consumers, Duncan Amoah, has argued that competition among the various OMCs could help set up some competitive pricing and the industry does not need a price.
No Oil Marketing Company (OMC) or LPG Marketing Company will be permitted to sell below the approved price floors from April 1 to April 15, 2026. Companies currently selling below these levels
Quick Summary
The NPA has announced new minimum price floors for petroleum products effective April 1, 2026 - impacting petrol, diesel, and LPG. The move has sparked debate among industry players regarding the necessity and implications of such regulations.
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