NPA increases price floor from September 1; Petrol to sell at GH¢14.53, diesel pegged at GH¢15.60

The prices of petroleum products are likely to increase at the pumps from September 1 2026.

This is because the National Petroleum Authority (NPA) has increased the price  of petroleum products that will be sold on the market from September 1 to 16, 2026.

Details

Based on data seen by JOY BUSINESS from the market, the price floor for petrol has been increased from GH¢13.92 per litre to GH¢14.53.

This represents about 4.38% increase with respect to the benchmark.

Diesel has also gone up from GH¢15.19 to GH¢15.60, representing a 2.69% increase.

LPG, however, has been reduced from GH¢10.98 to GH¢10.85 per kilogramme.

In the notice, the NPA reminded all industry players, including Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs), not to sell petroleum products below the approved price floor during the pricing window.

However, the NPA added that 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.

Impact on Pump Prices

The development might not necessarily result in prices going up at the pumps from September 1, 2026. This is becuase some of the OMCs have assured that prices are likely to remain unchanged at the pumps from the beginning of next month.

However, they would be guided by competition in making their pricing decisions this weekend and Monday, August 1, 2026.

However, with most OMCs now also pricing way above the price floor, it will not be surprise if prices at the pumps go up. There are currently more than 200 OMCs in the Ghana.

It is also not clear whether the government will extend the recent subsidy programme on diesel to other petroleum products.

The government, on August 3, 2026, announced that it would absorb GH¢ 2 of the price of diesel at the pumps.

According to the government, the relief will last for one month. It is therefore unclear whether the recent decision to cushion consumers might have played a role in the margin of reduction for the price of diesel.

Energy and Green Transition Minister John Jinapor has already indicated that the intervention is only for August and will be reviewed before any decision is taken on its continuation.