Ghana Fixes New Fuel Price Floor at GH¢13.27 for Petrol, GH¢16.10 for Diesel

Ghana’s National Petroleum Authority (NPA) has established new minimum price floors for petrol and diesel effective April 16, 2026, setting prices at GH¢13.27 per litre for petrol and GH¢16.10 per litre for diesel, according to the NPA. This adjustment reflects a marginal decrease for diesel from GH¢17.10 and a slight increase for petrol, aiming to balance market dynamics amid global oil price fluctuations.

The Ghanaian government announced a one-month intervention beginning April 16, absorbing GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol to cushion consumers from rising fuel costs, MyJoyOnline reports. This subsidy targets households, transport operators, and businesses as part of efforts to stabilize the economy against the backdrop of increasing crude oil prices driven by geopolitical tensions.

In response to the new price floors, major Oil Marketing Companies such as GOIL and Star Oil have reduced their pump prices to align with NPA benchmarks, with petrol now retailing at GH¢13.27 and diesel at GH¢16.10 per litre. GOIL’s adjustments, effective from the same date, come after the removal of certain government margins to ease the burden on consumers.

The Chamber of Oil Marketing Companies also forecasts a slight increase in petrol pricing alongside a marginal diesel price drop starting April 16. These projections underline ongoing government and industry efforts to manage fuel prices sustainably while responding to global market volatility.

Moving forward, monitoring how these new price floors and government subsidies influence retail fuel prices and consumption patterns in Ghana will be critical. The effectiveness of these measures in sustaining market stabilization and economic recovery will shape future pricing windows and subsidy policies.