The National Petroleum Authority (NPA) has revised upward the price floors for key petroleum products in the second pricing window of March 2026, effective Monday, March 16, 2026.
The new minimum ex-pump prices indicate significant increases across petrol, diesel and liquefied petroleum gas (LPG) compared with the levels that applied from March 1 to March 15.
Petrol’s price floor has risen to GH¢11.57 per litre, up from GH¢10.46 per litre, representing an increase of GH¢1.11 per litre.
Diesel has seen a sharper adjustment, climbing to GH¢14.35 per litre from GH¢11.42 per litre—an increase of GH¢2.93 per litre.
LPG has also been adjusted upward to GH¢10.67 per kilogramme from the previous GH¢9.38 per kilogramme, marking a rise of GH¢1.29 per kilogramme.
These revised price floors, which serve as the minimum allowable selling prices under Ghana’s petroleum pricing formula, signal potential upward pressure on retail pump prices in the coming weeks.
It is important to note that the NPA’s price floors do not represent the final prices consumers pay at the pump. Several additional cost components are excluded from these minimum figures, including premiums applied by International Oil Trading Companies, operating margins for Bulk Import, Distribution and Export Companies (BDCs), as well as margins determined by individual Oil Marketing Companies (OMCs) and retail station dealers.
These extra costs are typically added during the distribution and retail stages, often resulting in final pump prices that exceed the NPA-set floors.
The latest adjustments come amid projections from industry analysts of further fuel price increases in the second half of March. The upward trend is largely attributed to renewed geopolitical tensions in the Middle East, which have driven global crude oil prices higher in recent weeks.
The NPA reviews and announces indicative price floors on a fortnightly basis to reflect changes in international petroleum product prices, exchange rate movements and other relevant market factors, while maintaining a level playing field for operators in the downstream petroleum sector.
Consumers are advised to expect possible adjustments to retail prices at filling stations from March 16, depending on how individual OMCs and dealers incorporate the new floors and additional margins.
