NPA announces new fuel price floors effective August 4

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The National Petroleum Authority (NPA) has announced revised ex-pump price floors for petroleum products for the pricing window from August 4 to August 15, 2026.

In a statement issued on Monday, August 3, the authority said the new minimum prices were determined in line with the Petroleum Product Pricing Guidelines (PPPG) and are to be observed by all Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs).

Under the revised price floors, petrol will sell at a minimum of GH¢14.53 per litre, diesel at GH¢14.97 per litre, liquefied petroleum gas (LPG) at GH¢11.06 per kilogramme, marine gas oil (MGO Local) at GH¢16.08 per litre and kerosene at GH¢14.46 per litre.

The NPA directed all OMCs and LPGMCs to comply with the approved price floors throughout the pricing window.

The authority, however, clarified that the price floors do not include premiums charged by International Oil Trading Companies (IOTCs), the operating margins of Bulk Import, Distribution and Export Companies (BIDECs), or the marketers’ and dealers’ margins of OMCs and LPGMCs.

It explained that these additional cost components would be determined independently by the respective companies in accordance with the Petroleum Product Pricing Guidelines.

Meanwhile, the Presidency has announced a temporary reduction in the regulatory margin on diesel by GH¢2 per litre for one month, following a directive by President John Dramani Mahama.

The intervention, which takes effect during the same pricing window, is expected to cushion consumers against rising fuel prices, ease transportation costs and help contain inflationary pressures. The reduction is expected to moderate the impact of the revised diesel price floor on consumers at the pumps.

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