By Adnan Adams Mohammed
Ghanaian consumers are bracing for a significant increase in fuel prices starting Wednesday, April 1, after the National Petroleum Authority (NPA) announced new minimum price floors for petroleum products.
The revised pricing structure, which covers the April 1–15 pricing window, signals an upward adjustment across all major fuel types. According to the NPA’s directive, the minimum price floor for petrol (PMS) will rise from GHS 11.57 to GHS 13.30 per litre, representing an increase of GHS 1.73.
Diesel (AGO) will see an even steeper jump, with the price floor climbing from GHS 14.35 to GHS 17.10 per litre a sharp increase of GHS 2.75 in just two weeks.
Liquefied Petroleum Gas (LPG) also recorded a marginal rise, moving from GHS 10.67 to GHS 10.71 per kilogramme.
In a notice issued to Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs), the Authority mandated strict adherence to these new price floors, in accordance with the Petroleum Products Pricing Guidelines (PPPG).
The NPA clarified that these figures represent the absolute minimum “floor” and do not include additional costs such as:
Premiums charged by International Oil Trading Companies (IOTCs)
Margins for Bulk Import, Distribution, and Export Companies (BIDECs)
Operational margins for marketers and dealers
Because these additional levies and industry margins are determined independently by players in the sector, the actual price consumers see at the pump is expected to be significantly higher than the announced floors.
Under the new directive, no OMC or LPGMC is permitted to sell products below these approved minimums. Companies currently offering fuel at lower rates will be required to adjust their prices upward effective immediately at the start of the April window.
This latest adjustment is expected to put further pressure on transport fares and the general cost of living, as businesses and commuters grapple with the rising cost of energy.
