Fuel pumps nationwide are expected to adjust upward after the National Petroleum Authority revised the minimum selling prices for petroleum products for the second pricing window of March.
The new price floors, which take effect on March 16, indicate an increase in petrol, diesel and liquefied petroleum gas (LPG).
Under the revised benchmarks, the minimum ex-pump price for petrol has risen to GH¢11.57 per litre, up from GH¢10.46 per litre recorded during the first pricing window of March, which covered the period between March 1 and 15.
Diesel experienced the sharpest adjustment, with its price floor climbing to GH¢14.35 per litre from the earlier GH¢11.42 per litre. Meanwhile, the benchmark for LPG has increased to GH¢10.67 per kilogramme, compared with GH¢9.38 per kilogramme previously.
Overall, the revisions represent increases of GH¢1.11 for petrol, GH¢2.93 for diesel, and GH¢1.29 for LPG within the same month.
The price floors established by the NPA represent the minimum allowable selling price under Ghana’s petroleum pricing framework. However, they do not reflect the final pump prices consumers will pay at fuel stations.
Several cost elements remain outside the price floor calculations. These include premiums charged by international oil trading firms, operational margins for bulk import and distribution companies, as well as mark-ups set by oil marketing companies and retail dealers.
Once these additional charges are incorporated, the final pump prices at filling stations may vary and are typically higher than the benchmark set by the regulator.
The latest adjustments come amid rising concerns within the energy market as global oil prices face upward pressure due to renewed geopolitical tensions in the Middle East.
