National Petroleum Authority GH: Revised Fuel Price Floors for Ghana

• The National Petroleum Authority (NPA) has announced revised ex-pump price floors for petroleum products in Ghana.
• The new benchmark prices take effect from August 4 to August 15, 2026, and are as follows: petrol at GH¢14.53 per litre, diesel at GH¢14.97 per litre, etc.
• The revised price floors do not include additional costs such as premiums charged by International Oil Trading Companies (IOTCs) or operating margins of Bulk Import, Distribution and Export Companies (BIDECs).
• Lawyers advising clients on petroleum import and distribution should be aware of the revised ex-pump price floors set by the NPA.
• The new benchmark prices may impact business operations and compliance with Ghana's petroleum pricing regime.

The revised price floors serve as the benchmark for petroleum pricing under Ghana's petroleum pricing regime and are expected to guide retail fuel prices across the country during the first half of August.

The National Petroleum Authority (NPA) has announced revised ex-pump price floors for petroleum products in Ghana. The new benchmark prices, which take effect from August 4 to August 15, 2026, are as follows: petrol at GH¢14.53 per litre, diesel at GH¢14.97 per litre, liquefied petroleum gas (LPG) at GH¢11.06 per kilogramme, Marine Gas Oil (MGO Local) at GH¢16.08 per litre, and kerosene at a minimum of GH¢14.46 per litre.

The revised price floors are intended to guide retail fuel prices across the country during the first half of August. The NPA reminded all Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to comply with the revised price floors during the pricing window.

The Petroleum Product Pricing Guidelines (PPPG) dictate that additional costs such as premiums charged by International Oil Trading Companies (IOTCs), operating margins of Bulk Import, Distribution and Export Companies (BIDECs), and marketers' and dealers' margins charged by OMCs and LPGMCs will continue to be determined independently by the respective companies. This means that the revised price floors announced by the NPA do not include these additional costs.

The NPA's announcement is in line with Ghana's petroleum pricing regime, which relies on benchmark prices set by the Authority as a guide for retail fuel prices across the country.

Lawyers advising clients on petroleum import and distribution should be aware of the revised ex-pump price floors set by the NPA. The new benchmark prices may impact business operations and compliance with Ghana's petroleum pricing regime. As the revised price floors take effect from August 4 to August 15, 2026, companies must ensure they comply with the new guidelines to avoid any potential issues or penalties.

The NPA's announcement is a significant development in Ghana's petroleum market, and stakeholders should carefully review the revised price floors to understand their implications for their businesses.

Lawyers advising clients on petroleum import and distribution should be aware of the revised ex-pump price floors set by the NPA, which may impact their business operations and compliance with Ghana's petroleum pricing regime.

Source: Original reporting via Myjoyonline.com