The National Petroleum Authority (NPA), has raised the minimum price levels for petroleum products for the second pricing window of February 2026, setting new thresholds that will apply nationwide from Feb. 16 to Feb. 28.
Under the directive, no Oil Marketing Company (OMC) may sell petrol below GH¢10.24 per litre, up from GH¢9.99 in the previous window, while diesel has been pegged at GH¢11.34, compared with GH¢10.95 earlier this month.
The price floor for liquefied petroleum gas (LPG) has also been increased to GH¢9.43 per kilogram, requiring both OMCs and LPG Marketing Companies to adjust pump prices upward if currently selling below the approved levels.
The move is expected to force several marketers, including those that had planned to maintain prices amid competitive pressures, to revise their rates to comply with the regulator’s directive.
The Chamber of Oil Marketing Companies (COMAC) urged its members to adhere strictly to the new price floors under the Petroleum Products Pricing Guidelines, describing compliance as critical to maintaining market stability and consumer protection.
COMAC clarified that the approved floors exclude premiums charged by international oil traders, operating margins of Bulk Import, Distribution and Export Companies, as well as marketers’ and dealers’ margins, which are determined independently by the respective firms.
The price floor policy, first introduced by the NPA in April 2024, was designed to prevent price distortions, curb undercutting among operators and promote transparency and sustainability in Ghana’s downstream petroleum sector.
The authority has said the initiative followed complaints from industry players about widespread non-compliance and what it termed serious price undercutting that threatened fair competition.
The latest adjustment comes amid heightened debate within the industry, with market leader Star Oil recently exiting COMAC over disagreements on the price floor programme.
While COMAC has argued that the policy is necessary to prevent a collapse of the downstream sector, Star Oil maintains that the regulated minimum prices restrict its ability to offer competitive rates based on prevailing market conditions.