Consumers may soon pay more at the pumps after the National Petroleum Authority announced upward adjustments in fuel price floors for the second pricing window of May.
Under the revised ex-pump pricing structure, petrol now has a minimum price of GH¢14.60 per litre, up from GH¢13.25, while diesel rose from GH¢14.30 to GH¢15.81 per litre. LPG also recorded a slight increase, moving from GH¢13.02 to GH¢13.16 per kilogram.
The adjustments represent a GH¢1.35 increase for petrol, a GH¢1.51 jump for diesel—the highest among the three products—and a 14-pesewa rise for LPG.
The new benchmarks set by the National Petroleum Authority are expected to influence retail fuel prices announced by oil marketing companies in the coming days, though final pump prices may differ based on operational costs and dealer margins.
The regulator clarified that the approved price floors do not include premiums charged by international oil traders, as well as margins for bulk importers, distributors, marketers and dealers.
Under Ghana’s petroleum pricing guidelines, oil marketing companies are required to comply with the approved minimum prices for each pricing window.
Meanwhile, the Chamber of Petroleum Consumers is urging government to extend existing fuel tax relief measures for another month to help cushion consumers from the latest increases.
The Chamber argues that ongoing instability in global crude oil markets and tensions in the Middle East continue to threaten fuel price stability, making further intervention necessary to protect consumers.
