This comes after government announced that it will temporarily absorb part of the cost build-up on petroleum products in a bid to cushion consumers against rising global oil prices.
“Effective April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol,” an official statement said.
The intervention, which will last for one month, is intended to reduce pressure on households, transport operators and businesses, as global crude oil market volatility continues to impact domestic fuel pricing.
Government to absorb GH¢2 fuel levy as petroleum prices surge
In a related development, the NPA has also issued revised price floors for the new pricing window, indicating a slight reduction in petrol and diesel ex-pump benchmarks.
According to industry reports, petrol has been reduced marginally from GH¢13.30 to GH¢13.27 per litre, while diesel has seen a sharper drop from GH¢17.10 to GH¢16.10 per litre. Liquefied Petroleum Gas (LPG), however, has recorded a slight increase from GH¢10.71 to GH¢10.79.
The adjustments form part of the Petroleum Products Pricing Guidelines (PPPG), which set minimum pricing benchmarks for Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs).
“The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana,” the government statement noted.
The NPA has, however, cautioned that while the price floors guide market pricing, Oil Marketing Companies retain the discretion to set final pump prices based on additional cost components such as margins and international trading premiums.
“These prices exclude premiums charged by International Oil Trading Companies (IOTCs), and also operating margins of Bulk Import, Distribution and Export Companies (BIDECs) and the marketers’ and dealers’ margins of OMCs and LPGMCs,” industry sources explained.
This means final pump prices may vary across stations, even though the revised floor provides a downward signal for diesel and petrol prices for the new pricing window running until May 1, 2026.
Government says the intervention is temporary and will be reviewed after one month depending on developments on the global oil market.
“Government remains commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks,” the statement added.
