Fuel consumers across Ghana are expected to experience a slight easing in pump prices from May 1, 2026, following the National Petroleum Authority’s (NPA) latest bi-monthly pricing review.
The regulator has announced revised ex-pump price floors for petroleum products covering the period May 1 to May 15, with petrol recording a marginal reduction while diesel sees a more pronounced drop.
According to the NPA, the adjustment reflects recent movements in global crude oil prices as well as exchange rate fluctuations that continue to influence the domestic fuel market.
“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 Authority stated.
Under the new pricing structure, petrol will now sell at GH¢13.25 per litre, while diesel is priced at GH¢14.30 per litre. LPG has been set at GH¢13.02 per kilogramme, with kerosene and Marine Gas Oil Local going for GH¢16.13 and GH¢15.41 respectively.
When compared to the previous pricing window in mid-April, petrol has seen a slight decrease of 2 pesewas. Diesel, however, has recorded a sharper reduction of GH¢1.80 per litre, marking the most significant adjustment in the current review cycle.
This follows earlier price surges in April, when diesel climbed to as high as GH¢17.10 per litre amid global crude oil pressures and a weaker cedi. That spike was largely influenced by geopolitical tensions in the Middle East, which pushed international crude benchmarks upward and increased import costs for oil-importing countries like Ghana.
Since then, diesel prices have eased by about GH¢2.80 from their peak, although they remain above levels recorded earlier in the year.
The government has also previously intervened in the pricing structure by absorbing portions of the fuel price build-up. In the April 16 window, some margins were removed, including GH¢2.00 per litre on diesel and GH¢0.36 on petrol, in an effort to cushion consumers.
It is, however, unclear whether those relief measures will be maintained in the new pricing window or revised ahead of upcoming fiscal policy decisions.
The NPA has further reminded Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to adhere strictly to the announced price floors, although they retain the flexibility to apply additional margins, which could lead to variations at the pump.
“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.
While the latest adjustment offers some relief to consumers, transport operators have cautioned that sustained high fuel costs could still lead to fare adjustments, potentially affecting transport fares and broader cost-of-living pressures.
The new prices take effect from May 1, 2026, and are expected to be reviewed again at mid-month.
