NPA Announces New Fuel Price Floors as Diesel Drops by GH¢2.00 for August Pricing Window

The National Petroleum Authority (NPA) has released new ex-pump price floors for petroleum products for the second pricing window of August, covering 4 to 15 August 2026, with diesel recording a significant GH¢2.00 per litre reduction following a directive by President John Dramani Mahama to provide temporary relief to consumers.

The reduction in diesel prices forms part of a government intervention aimed at easing transport costs and reducing inflationary pressures. While diesel has seen a price cut, the price floors for petrol and Liquefied Petroleum Gas (LPG) remain unchanged during the period.

Under the revised pricing schedule, the price floor for petrol remains GH¢14.53 per litre, diesel has been reduced from GH¢16.97 to GH¢14.97 per litre, and LPG remains at GH¢11.06 per kilogram.

The NPA also announced new benchmark price floors of GH¢16.08 per litre for Marine Gas Oil (MGO) Local and GH¢14.46 per litre for kerosene.

According to a statement signed by the Minister for Government Communications and Presidential Spokesperson, Felix Kwakye Ofosu, Cabinet approved the temporary reduction in the regulatory margin on diesel for one month, effective 4 August 2026, to shield consumers from rising fuel costs.

The Presidency said the intervention is intended to “cushion consumers, prevent transport fare hikes, contain inflationary pressures, and mitigate the pass-through effect of higher fuel prices on the cost of living.”

Government further indicated that it will continue monitoring developments in the international energy market and introduce additional policy measures where necessary to protect consumers and support Ghana’s economic recovery.

The latest measure follows a similar fuel relief package introduced in April 2026, when government reduced the regulatory margin on both diesel and petrol to lessen the impact of rising global oil prices.

Despite the reduction in diesel prices, the NPA maintained that current market conditions did not justify adjustments to the price floors for petrol and LPG during the current pricing window.

The Authority explained that the published figures are minimum ex-pump price floors under the Petroleum Product Pricing Guidelines (PPPG) and do not necessarily reflect the final prices consumers will pay at filling stations. Actual pump prices may vary because Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) are permitted to apply their own operating margins. The published price floors also exclude International Oil Trading Company (IOTC) premiums and Bulk Import, Distribution and Export Company (BIDEC) charges.

The revised prices take effect from 4 to 15 August 2026, after which the NPA will review market conditions for the next pricing window.

The reduction in diesel prices is expected to lower operating costs for commercial transport operators, haulage companies, farmers, manufacturers and other diesel-dependent businesses. Consumers will also be watching closely to see whether the lower benchmark prices result in reduced pump prices and transport fares.

By: Paulina Armah/ Radio1.