NPA RAISES FUEL PRICE FOR MARCH 1 WINDOW

The National Petroleum Authority (NPA) has announced new minimum price levels for petroleum products for the first pricing window of March 2026, effective March 1–15.

Under the revised price floor, petrol will increase from GHC 10.24 in the February 16 window to GHC 10.46 per litre, while diesel rises from GHC 11.34 to GHC 11.42.

Conversely, Liquefied Petroleum Gas (LPG) faces a marginal decrease from GHC 9.43per kilogram to GHC 9.38.

The new thresholds mean no Oil Marketing Company (OMC) or LPG Marketing Company (LPGMC) is permitted to sell below the approved floors during this period.

Companies currently selling below these levels must adjust pump prices upward to comply with the new price list. Some firms that had initially planned to maintain current prices may now be forced to implement the increase due to market conditions.

The NPA introduced the price floor policy in April 2024 to prevent price distortions, ensure market stability, and enhance transparency, fairness, and sustainability in Ghana’s downstream petroleum sector.

Data from the Chamber of Oil Marketing Companies (COMAC) indicate that petrol prices could rise by 2.89%, reaching around GHC 12.04 per litre, while diesel may increase by 0.86%, selling at approximately GHC 13.22 per litre.

LPG is expected to decline slightly to GHC 13.87 per kilogram, marking its first reduction this year.

COMAC notes that the projected price changes are largely as a result of rising international crude and finished petroleum product prices.

NPA also explained that the slight appreciation of the Ghana cedi against major currencies over the past two weeks helped minimize the impact of international price pressures on domestic fuel prices.

Oil marketing companies are required to adjust pump prices in line with the March 1 window.