Consumers are set to pay more for Liquefied Petroleum Gas (LPG) in the first pricing window of May, even as petrol and diesel record marginal price reductions.
New figures released under the pricing framework of the National Petroleum Authority show that LPG will rise sharply to a floor price of GH¢13.02 per kilogram, up from GH¢10.79 recorded in the second pricing window of April.
In contrast, petrol prices have been adjusted slightly downward to GH¢13.25 per litre from GH¢13.27, while diesel has seen a more significant reduction to GH¢14.30 per litre from GH¢16.10.
The modest decline in petrol and diesel prices has been attributed in part to temporary government interventions aimed at cushioning consumers from rising global fuel costs.
Under the measure, government absorbed approximately GH¢2.00 on diesel and 36 pesewas on petrol during the previous pricing window, a move introduced to mitigate the impact of international market pressures, particularly geopolitical tensions in the Middle East.
Despite these interventions, the sharp rise in LPG prices is expected to place additional pressure on households and businesses that rely heavily on the product for cooking and commercial use.
The National Petroleum Authority has directed all Oil Marketing Companies and LPG Marketing Companies to adhere to the approved price floors for the period.
However, the regulator clarified that the announced prices exclude additional industry-related costs such as international trading premiums and operational margins, which are determined independently and may influence final pump prices.
The mixed price adjustments reflect ongoing volatility in the downstream petroleum market, with consumers likely to experience varying impacts depending on their primary fuel usage.
