Home Business NPA raises fuel price floors for second pricing window in March

NPA raises fuel price floors for second pricing window in March

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The National Petroleum Authority (NPA) has increased the price floors for petroleum products for the second pricing window of March 2026, which takes effect on March 16, signalling a likely rise in pump prices across Ghana.

The revised minimum ex-pump prices show increases across petrol, diesel and liquefied petroleum gas (LPG) compared with the first pricing window of the month.

Under the new pricing structure, the price floor for petrol has risen to GH¢11.57 per litre, up from GH¢10.46 per litre recorded between March 1 and March 15.

Diesel recorded the sharpest increase, with its price floor moving to GH¢14.35 per litre from GH¢11.42 per litre, while LPG has increased to GH¢10.67 per kilogramme, up from GH¢9.38 per kilogramme.

The adjustments represent increases of GH¢1.11 for petrol, GH¢2.93 for diesel, and GH¢1.29 for LPG within the same month.

The changes indicate mounting pressure on fuel prices and may translate into higher pump prices during the second pricing window of March.

The NPA explained that the price floors represent the minimum allowable selling price under Ghana’s petroleum pricing guidelines and do not necessarily reflect the final pump prices paid by consumers.

Several cost components are not captured in the minimum price calculation, including premiums charged by international oil trading companies, operating margins for Bulk Import, Distribution and Export Companies (BIDECs), as well as margins set by individual Oil Marketing Companies and dealers.

These additional costs are typically factored in before final retail pump prices are determined.

The development comes as analysts project further increases in fuel prices for the second pricing window of March, largely driven by renewed geopolitical pressures on the global energy market.

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