Ghanaian consumers are expected to see a slight easing in fuel prices from May 1, 2026, following the National Petroleum Authority’s (NPA) announcement of revised price floors for the first pricing window of May.
In a notice dated April 28, the regulator attributed the adjustments to improved stability in global crude oil prices and recent movements in the exchange rate.
Under the new structure, petrol will be sold at a minimum of GH¢13.25 per litre, while diesel is set at GH¢14.30 per litre. Liquefied Petroleum Gas (LPG) will go for GH¢13.02 per kilogramme, kerosene GH¢16.13 per litre, and Marine Gas Oil (local) GH¢15.41 per litre.
The most significant change in the latest pricing window is the sharp drop in diesel prices, which has reduced by GH¢1.80 compared to the previous mid-April pricing cycle. Petrol also records a marginal decrease of 2 pesewas.
This follows a period of price volatility earlier in April, when diesel rose to as high as GH¢17.10 per litre, driven by a surge in global crude oil prices amid geopolitical tensions in the Middle East. Since then, diesel has fallen by a cumulative GH¢2.80 from its peak.
To cushion consumers, government had earlier introduced temporary interventions, including adjustments to margins and a subsidy of about GH¢2.00 per litre on diesel. It is however unclear whether such measures will continue beyond the current review period.
The NPA has directed Oil Marketing Companies and LPG distributors to comply with the announced price floors, though final pump prices may differ slightly due to added margins by individual operators.
While the downward adjustment offers some relief to consumers, transport operators continue to express concern that fuel costs remain high enough to sustain pressure on transport fares and broader inflation trends.
The new pricing structure takes effect on May 1 and will remain valid until the next review on May 15, 2026.
