NPA raises fuel price floors for late March, signalling likely pump price increases

Fuel prices in Ghana could rise in the coming days after the National Petroleum Authority (NPA) adjusted the minimum ex-pump prices for petroleum products for the second pricing window of March 2026.

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The revised price floors, which take effect from March 16, show increases across all major fuel products, including petrol, diesel and liquefied petroleum gas (LPG).

Under the new guidelines, the minimum price for petrol has been set at GH¢11.57 per litre, up from GH¢10.46 per litre during the first pricing window that covered March 1 to March 15.

Diesel recorded the sharpest adjustment, with its price floor rising to GH¢14.35 per litre from GH¢11.42 per litre previously. LPG also experienced an increase, moving to GH¢10.67 per kilogramme from GH¢9.38 per kilogramme.

Overall, the adjustments represent increases of GH¢1.11 for petrol, GH¢2.93 for diesel and GH¢1.29 for LPG within the same month.

The NPA’s price floors serve as the minimum threshold at which petroleum products can be sold under Ghana’s deregulated pricing framework. However, they do not represent the final prices motorists and consumers pay at fuel stations.

Industry officials explain that several additional cost components are added after the price floors are set. These include premiums charged by international oil trading companies, margins for bulk import, distribution and export firms, as well as operating margins determined by individual oil marketing companies and fuel dealers.

Once these factors are incorporated, the final pump prices are determined at the retail level.

Analysts say the latest adjustments reflect growing pressure on the petroleum market and could lead to higher fuel prices in the second half of March.

The upward trend is partly linked to rising global crude oil prices, which have been influenced by renewed geopolitical tensions in the Middle East.

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