Petrol and diesel users are set to enjoy slight relief in the second pricing window of April, following new benchmarks introduced by the National Petroleum Authority (NPA).
Under the revised floors, petrol will retail at a minimum of GH¢13.27 per litre—marginally lower than GH¢13.30 in the first April window, a reduction of 0.3 pesewas. Diesel is expected to see a more notable adjustment, dropping to GH¢16.10 per litre from GH¢17.10 previously, representing a cut of GH¢1.
In contrast, the price floor for Liquefied Petroleum Gas (LPG) has edged upward to GH¢10.79 per kilogram, compared with GH¢10.71 in the prior window.
The revisions point to a downward trend in petrol and diesel prices, offering some respite to consumers, even as LPG continues to climb.
According to Ghana’s petroleum pricing framework, the price floor sets the minimum rate at which Oil Marketing Companies and LPG Marketing Companies may sell fuel products. These floors exclude premiums charged by International Oil Trading Companies (IOTCs), the operating margins of BIDECs, and the Marketers’ and Dealers’ Margins of OMCs/LPGMCs, which are determined independently under the Petroleum Products Pricing Guidelines.
The new regime takes effect ahead of an anticipated government announcement on suspending selected taxes and margins in the upcoming pricing window beginning April 16—an intervention aimed at cushioning consumers against persistent fuel price pressures.
Recent increases in pump prices have largely been driven by geopolitical tensions in the Middle East, which continue to shape global crude oil markets and, in turn, domestic fuel costs.
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