NPA sets new minimum price floors; petrol at GH¢16.09, diesel at GH¢17.09
The National Petroleum Authority has announced new minimum pump price floors for petroleum products for the second half of October 2026, with petrol set at GH¢16.09 per litre and diesel at GH¢17.09 per litre.
The new prices, which take effect from October 16 to October 31, also place liquefied petroleum gas (LPG) at GH¢13.87 per kilogram, Marine Gas Oil (MGO) Local at GH¢17.20 per litre and kerosene at GH¢17.45 per litre.
The price floors are intended to guide Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) in setting their prices during the specified period under Ghana’s petroleum pricing guidelines.
Under the latest pricing arrangement, petrol has a minimum ex-pump price of GH¢16.09 per litre, while diesel is pegged at GH¢17.09 per litre.
LPG, which is commonly used for cooking in many Ghanaian households, has a minimum price floor of GH¢13.87 per kilogram.
Meanwhile, Marine Gas Oil (MGO) Local has been set at GH¢17.20 per litre, with kerosene carrying the highest minimum price among the five listed products at GH¢17.45 per litre.
The new price floors cover the period from October 16 through October 31, 2026.
The directive calls on fuel retailers to comply with the announced minimum prices throughout the pricing window.
The notice states; “As per the Petroleum Product Pricing Guidelines (PPPC), 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 guidelines provide a framework for petroleum product pricing and set the minimum ex-pump prices that OMCs and LPGMCs are expected to observe during the period.
However, the announced figures do not necessarily represent the final prices consumers will pay at individual fuel stations.
The notice clarifies that the price floors exclude several charges and operating margins that contribute to the final retail prices of petroleum products.
It states; “The price floors exclude the premiums charged by International Oil Trading Companies (IOTCs) and the operating margins of BIDECs, as well as the Marketers’ and Dealers’ Margins of OMCs/LPGMCs. These will be independently determined by the companies as pertains under the PPPG.”
These additional costs and margins may therefore influence the final prices charged by individual fuel stations and LPG retailers.
Consumers should note that the announced figures are minimum price floors, rather than fixed prices that every outlet must charge.
The new pricing window runs from October 16 to October 31, 2026, covering petrol, diesel, LPG, MGO Local and kerosene.
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