The first pricing window of June 2026 will see an upward adjustment in the price floors for petrol and liquefied petroleum gas (LPG), while diesel prices are expected to experience a marginal decline.
This follows the latest pricing outlook released by the National Petroleum Authority (NPA), which takes into account movements in international oil prices and other prevailing market conditions.
According to the NPA, the new price floor for petrol has been set at GH¢15.20 per litre, representing an increase of GH¢0.60 from the GH¢14.60 recorded in the second pricing window of May.
LPG will also see an upward review, with the price floor rising to GH¢13.48 per kilogram from GH¢13.16, an increase of GH¢0.32.
Diesel, on the other hand, is projected to decline slightly, with the new price floor set at GH¢15.49 per litre, down by GH¢0.32 from the previous window’s GH¢15.81.
The price floor represents the minimum level at which Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) are permitted to sell petroleum products.
In line with the Petroleum Products Pricing Guidelines (PPPG), all OMCs and LPGMCs are required to strictly adhere to the approved price floors during the pricing window.
The NPA noted that the announced floors do not include premiums charged by International Oil Trading Companies (IOTCs), operating margins of Bulk Import, Distribution and Export Companies (BIDECs), or the margins of marketers and dealers, which are determined independently by the respective companies.
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The latest adjustments follow a recent government review of fuel relief measures introduced to cushion consumers against rising global fuel prices. The government has removed the GH¢0.36 per litre subsidy on petrol and reduced the diesel subsidy from GH¢2.00 to GH¢1.07 per litre, effective from the second pricing window in May.
These revised relief measures will remain in place for two pricing windows and may be reviewed further depending on developments in the international market.
Editor:
Obiri-Yeboah
