NPA increases fuel price floors for second pricing window of May
The National Petroleum Authority (NPA) has announced marginal increases in the ex-pump price floors for petrol, diesel, and liquefied petroleum gas (LPG) for the second pricing window of May 2026.
According to the revised pricing figures released by the authority, the floor price for petrol has been set at GH¢14.60 per litre, while diesel will sell at a minimum price of GH¢15.81 per litre. LPG has also been pegged at GH¢13.16 per kilogram.
The new prices represent an increase from the first pricing window of May, during which petrol sold at a floor price of GH¢13.25 per litre, diesel at GH¢14.30 per litre, and LPG at GH¢13.02 per kilogram.
Under the latest adjustments, petrol price floors rose by GH¢1.35 per litre, while diesel recorded the highest increase of GH¢1.51 per litre. LPG prices also increased by 14 pesewas per kilogram.
The price floor serves as the minimum benchmark price approved by the NPA for petroleum products within a specified pricing window.
Although the revised floors are expected to influence retail fuel prices at the pumps in the coming days, actual selling prices will vary among oil marketing companies depending on operational margins and prevailing market conditions.
The NPA explained that the approved baseline prices do not include premiums charged by international oil trading companies, as well as operational margins for bulk import distribution and export companies, marketers, and dealers.
Under the Petroleum Products Pricing Guidelines, all oil marketing companies and LPG marketing firms are required to comply with the approved price floors for the current pricing window.
Meanwhile, the Chamber of Petroleum Consumers (COPEC) has called on government to extend its fuel tax relief measures for an additional month to cushion consumers against rising fuel prices.
According to the chamber, the global factors that necessitated the initial intervention — including ongoing tensions in the Middle East and persistent volatility in international crude oil prices — remain unresolved and continue to pose risks to fuel price stability in Ghana.
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