NPA reduces price floor for petrol to GH¢13.69, diesel to GH¢16.73

The National Petroleum Authority (NPA) has lowered the price floor for petrol to GH¢13.69 per litre, while increasing the floor for diesel to GH¢16.73 per litre, effective from November 16, 2026. This marks a significant 13 percent decrease from the previous price floor of GH¢15.39 for petrol and an increase from GH¢17.41 for diesel. LPG prices will also rise, from GH¢13.73 per kilogramme to GH¢15.93.

The adjustments come after the NPA reviewed the price floors in collaboration with industry players for the pricing window between November 16 and 30, 2026. The changes exclude premiums charged by international oil trading companies, as well as operating margins for bulk import, distribution, and export companies, and margins for oil marketing and LPG marketing companies, which will be determined independently under the Petroleum Products Pricing Formula.

The implications of these adjustments could lead to mixed price movements at the pumps during the next pricing window. Lower price floors may give marketers room to reduce petrol and LPG prices, but the final adjustments will depend on the premiums and margins applied by individual companies. Some oil marketing firms, such as Star Oil, Allied Oil, and JP, have already indicated they will lower petrol and diesel prices, with Star Oil currently selling petrol at GH¢15.55 per litre and diesel at GH¢18.37 per litre.

The current regulations require prices to be reviewed on the 1st and 16th of each month, but the NPA has stated that oil marketing companies can proceed with price reviews at the pumps, as long as the adjustments align with the market regulator's guidelines. The Ghana cedi has remained relatively stable, and the International Energy Agency projects that global oil markets will experience a surplus for the first time since the Iran War, as Persian Gulf exports recover.