Consumers across Ghana are expected to pay more for petroleum products from Wednesday, September 16, 2026, following an increase in the minimum price floors for petrol, diesel and Liquefied Petroleum Gas (LPG) by the National Petroleum Authority (NPA).
According to the NPA’s latest price floor data for the second pricing window of September, the minimum price for petrol has been set at GH¢16.00 per litre, while diesel will have a minimum price of GH¢16.77 per litre.
The minimum price for LPG has also been increased to GH¢10.97 per kilogramme.
The latest figures represent increases across all three petroleum products compared with the price floors announced for the first pricing window of September.
The petrol price floor has increased by GH¢1.47 per litre, from GH¢14.53 to GH¢16.00, while diesel has risen by GH¢1.17, from GH¢15.60 to GH¢16.77.
LPG, meanwhile, has recorded a marginal increase of GH¢0.12 per kilogramme, moving from GH¢10.85 to GH¢10.97.
However, the NPA’s minimum price floors do not necessarily represent the final prices consumers will pay at filling stations.
Under the Petroleum Product Pricing Guidelines, Oil Marketing Companies (OMCs) and LPG Marketing Companies are required to comply with the prescribed minimum price floors for the applicable pricing window.
The floor prices, however, exclude premiums charged by International Oil Trading Companies, operating margins of Bulk Import, Distribution and Export Companies, as well as marketers’ and dealers’ margins. These components are determined independently by the respective companies in accordance with the pricing guidelines.
COPEC Projects Further Increases
The latest development has heightened expectations of higher pump prices from Wednesday.
The Chamber of Petroleum Consumers (COPEC) is projecting a 4.24 percent increase in petrol prices and a sharper 10.23 percent rise in diesel prices during the second pricing window.
Under COPEC’s projections, diesel could sell at approximately GH¢19.07 per litre, while petrol could reach about GH¢16.26 per litre.
LPG is also projected to rise to around GH¢15.32 per kilogramme.
COPEC Calls for Extension of Fuel Subsidy
In response to the expected increases, COPEC has appealed to the government to extend its fuel subsidy intervention to cushion consumers from the impact of rising petroleum prices.
The group is proposing a GH¢1 per litre relief on petrol, while calling for the existing GH¢2 per litre relief on diesel to be maintained until international petroleum benchmarks return to more normal levels.
The expected increases are being attributed largely to rising international crude oil and refined petroleum product prices, amid heightened tensions in the Middle East and concerns over potential disruptions to global supply.
Ghana’s reliance on imported refined petroleum products means domestic fuel prices remain highly sensitive to movements in international oil prices and exchange-rate conditions.
A sustained rise in global petroleum prices could have wider economic implications, potentially increasing transportation and logistics costs, production expenses and pressure on household budgets.
The latest NPA price floors therefore set the stage for another challenging pricing window for consumers and businesses beginning September 16.
Source: Apexnewsgh.com