By Amoako Kwame
Fuel prices in Ghana are expected to decline slightly from May 1, 2026, as the National Petroleum Authority (NPA) has announced reduced price floors for petrol and a more substantial cut for diesel in its latest pricing window.
In a pricing notice issued on April 28, the NPA said the adjustment forms part of its bi-monthly review for the period May 1 to May 15, taking into account changes in global crude oil prices and exchange rate fluctuations.
“The National Petroleum Authority has set the ex-pump price floors for the May 1 to 15 window in line with the Petroleum Products Pricing Guidelines,” the statement said.
Under the revised pricing structure, petrol is now priced at GH¢13.25 per litre, while diesel is selling at GH¢14.30 per litre.
Liquefied Petroleum Gas (LPG) is set at GH¢13.02 per kilogramme, while kerosene and Marine Gas Oil (local) are priced at GH¢16.13 and GH¢15.41 respectively.
Compared to the previous pricing window in mid-April, petrol has recorded a slight decrease of 2 pesewas, while diesel has fallen more sharply by GH¢1.80 per litre.
This adjustment reflects a gradual downward trend after significant increases earlier in April, when diesel rose to a peak of GH¢17.10 per litre amid higher global crude oil prices and a weaker cedi.
The earlier surge was partly influenced by geopolitical tensions in the Middle East, which drove Brent crude prices above $100 per barrel at the time and raised import costs for fuel-dependent countries such as Ghana.
In contrast, diesel prices have now fallen by GH¢2.80 from their early April peak, although they remain above levels recorded in February and early March.
The NPA has reminded Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to adhere to the announced price floors, while allowing them to apply their own margins. As a result, actual pump prices may vary across stations.
“As per the Petroleum Products Pricing Guidelines, all OMCs and LPGMCs are entreated to comply with the above price floors for the window under consideration,” the Authority added.
The latest price revision is expected to offer some relief to consumers. However, transport operators have cautioned that persistently high fuel costs could still lead to fare increases, with broader implications for the cost of living and inflation.
The new pricing framework will take effect from May 1, 2026, and is scheduled for review in the middle of the month.
