Ghana’s downstream petroleum regulator has raised the minimum prices at which fuel can be sold for the first half of February 2026, citing the need to stabilise the market and curb undercutting.
The National Petroleum Authority (NPA) said the new price floor will apply nationwide from Feb. 1 to Feb. 15, barring oil marketing companies and LPG dealers from selling below the approved thresholds.
Under the directive, diesel must not be sold for less than GH¢10.95 per litre, up from GH¢10.47, while the minimum price for petrol has been increased to GH¢9.99 per litre from GH¢9.80, according to pricing data from Joy Business.
Liquefied petroleum gas (LPG) has been pegged at a minimum of GH¢9.05 per kilogram, the authority said.
The move will force companies currently pricing below these levels to adjust pump prices to comply with the regulation.
The NPA introduced the price floor policy in April 2024, arguing it was necessary to prevent price distortions and promote stability in Ghana’s downstream petroleum sector.
The authority says the policy aligns with national petroleum pricing guidelines and aims to improve transparency, sustainability and fairness in the fuel market.
Officials have also said the measure was adopted after complaints from industry players about widespread non-compliance with pricing rules and aggressive undercutting by some operators.
The latest adjustment comes amid industry tensions, after market leader Star Oil exited the Chamber of Oil Marketing Companies (COMAC) in protest against the policy.
While COMAC has backed the price floor as essential to prevent the industry’s collapse, Star Oil argues the controls restrict competition and its ability to price fuel in line with market conditions.