The National Petroleum Authority (NPA) has moved to reassure motorists and businesses that Ghana’s fuel supply remains stable, amid concerns over rising petroleum prices driven by global crude oil market pressures and exchange rate fluctuations.
The regulator said the country currently has enough petroleum stocks to meet domestic demand, with additional fuel shipments expected in the coming days to further strengthen reserves.
The assurance follows government’s decision to reduce the regulatory margin on diesel by GH¢2 per litre as part of measures to reduce the impact of rising fuel prices on consumers and businesses.
Speaking on Time with NPA, the Director of Economic Regulation and Planning at the NPA, Abass Ibrahim Tasunti, said the intervention was aimed at providing temporary relief while government continues to monitor developments in the international oil market.
He explained that the reduction in the regulatory margin was intended to limit increases at the pump, reduce pressure on transport operators and help contain the broader inflationary effects of higher fuel costs.
“We believe that this temporary intervention will go a long way to reduce the burden on consumers and prevent hikes in transport fares whilst addressing the inflationary impact of rising fuel prices,” he said.
Mr Tasunti noted that the latest measure followed a similar intervention introduced in April 2026, when government reduced margins to provide relief to consumers amid price pressures.
Beyond pricing concerns, the NPA stressed that there was no immediate threat to petroleum product availability in the country.
According to the Authority, stocks currently available are sufficient to support consumption, while scheduled import cargoes are expected to arrive soon under Ghana’s petroleum supply programme.
The regulator added that local refining operations were also helping to improve supply security, with the Sentuo Oil Refinery and the Tema Oil Refinery contributing to domestic fuel supply alongside imported products.
Mr Tasunti said the NPA would continue working with government and industry players to assess global market trends and introduce further measures if necessary.
“The Authority will continue to monitor developments on the international market and together with government will make any necessary interventions when the need arises,” he stated.
He reiterated that consumers should remain confident that petroleum products are available and that the country’s import arrangements would continue to support adequate fuel supplies.
The NPA’s statement comes at a time when international crude oil prices and movements in the Ghana cedi continue to influence domestic fuel pricing. While the latest government intervention is expected to offer short-term relief, industry watchers say future pump prices will largely depend on global oil trends and exchange rate stability.
