The National Petroleum Authority (NPA) has increased the minimum price floors for petroleum products for the second pricing window of March, which will run from March 16 to March 31. The move is expected to push pump prices higher across Ghana.
Under the revised benchmarks, petrol will rise from GH¢10.46 to GH¢11.57 per litre, diesel from GH¢11.42 to GH¢14.35 per litre, and liquefied petroleum gas (LPG) from GH¢9.38 to GH¢10.67 per kilogram. The adjustments mark substantial single-month increases, with diesel seeing the largest jump of GH¢2.93.
In a notice to oil marketing companies (OMCs) and LPG marketers, the NPA instructed firms to comply with the new floors in line with the Petroleum Products Pricing Guidelines (PPPG).
The authority emphasized that the quoted prices do not include additional charges such as international oil trading premiums, operating margins for bulk import and distribution companies, or marketers’ and dealers’ margins, which will ultimately determine retail pump prices.
“No company will be allowed to sell below these approved floors during the window,” the NPA stated. “Firms currently selling at lower rates will have to adjust accordingly.”
Industry analysts warn that the latest adjustments could make this one of the steepest pricing windows in recent months.
Experts also note that the new price floors may restrict the ability of oil marketing companies to cushion consumers through selective discounting, a strategy previously used to mitigate sharp price increases at the pump.
The NPA’s announcement comes amid rising global crude prices, driven by renewed geopolitical tensions in the Middle East, which continue to influence local fuel pricing.
