NPA sets new petroleum price floors for February 2026, OMCs adjust pump prices
2nd February 2026
The National Petroleum Authority (NPA) has issued a directive setting new minimum prices for petroleum products for the first pricing window of February 2026, aimed at promoting market stability and preventing undercutting by oil marketing companies (OMCs) and LPG Marketing Companies (LPGMCs).
The pricing window covers February 1 to February 15, during which no company is allowed to sell below the approved floors.
New Pricing Thresholds
Under the directive, the price floor for petrol has been set at GH¢9.99 per litre, up from GH¢9.80, an increase of about 1.94%. Diesel now carries a floor of GH¢10.95 per litre, up from GH¢10.47, marking a 4.58% rise. Liquefied Petroleum Gas (LPG) has been priced at GH¢9.05 per kilogram.
OMC Responses
Several major operators have already adjusted their pump prices to comply with the new floors.
State-owned GOIL has implemented the price changes at 200 designated stations nationwide, up from 150 previously, selling petrol at the floor price of GH¢9.99 per litre. Diesel under GOIL’s discounted scheme is now GH¢11.90 per litre, up from GH¢11.21 in the second January window, while regular diesel is selling at GH¢12.55, an increase from GH¢11.96. Regular pump prices for petrol (GH¢10.99) and Super XP 95 (GH¢13.97) have remained unchanged.
Market leader Star Oil is also adjusting its prices, selling discounted petrol at the floor of GH¢9.99, while general petrol prices are around GH¢10.56 at some stations. Diesel is retailing at GH¢11.56, and RON 95 at GH¢12.54.
Compelled Adjustments and Compliance
The new floors require companies previously engaged in price competition to raise their rates to remain compliant.
For instance, Zen Petroleum, which previously sold petrol at GH¢9.94 per litre, must now increase to at least GH¢9.99. JP Oil, which retailed SupremA petrol at GH¢9.89 and SupremO diesel at GH¢10.89, must now adjust prices to GH¢9.99 and GH¢10.95, respectively.
Industry analysts expect more OMCs to review their pump prices and make necessary adjustments in the coming days as the February pricing window progresses.