The National Petroleum Authority (NPA) has increased the minimum selling prices for petrol and diesel for the second pricing window of July, meaning motorists are likely to pay more for fuel from July 16, 2026.
Under the revised pricing framework, the price floor for petrol has risen from GH¢12.79 to GH¢13.28 per litre, while the minimum price for diesel has been adjusted upward from GH¢13.54 to GH¢14.35 per litre.
The price floor sets the lowest price at which Oil Marketing Companies (OMCs) are permitted to sell petroleum products. OMCs are prohibited from selling below these approved rates.
The NPA introduced the price floor mechanism in April 2024 as part of efforts to prevent unhealthy price competition and promote stability within the downstream petroleum industry.
According to the regulator, the policy is implemented in line with the Petroleum Pricing Guidelines and is intended to support a transparent, sustainable and competitive fuel market. The Authority also noted that the policy was adopted following consultations and recommendations from stakeholders across the petroleum sector.
The latest adjustment follows a slight increase in international refined petroleum product prices during the current pricing cycle.
Data released by the NPA show that the benchmark price of gasoline (petrol) increased from US$922.24 to US$970.63 per metric tonne, while diesel rose from US$901.09 to US$974.40 per metric tonne.
The Authority said the rise in global prices for refined petroleum products was the main factor behind the upward revision of the domestic fuel price floors for the latest pricing window.