Business News of Tuesday, 31 March 2026

Source: classfmonline.com

NPA sets new fuel price floors for April 1-15

The new pricing window is expected to push fuel prices higher at the pumps The new pricing window is expected to push fuel prices higher at the pumps

The National Petroleum Authority (NPA) has announced new minimum price floors for petroleum products for the April 1–15, 2026 pricing window, a move expected to push fuel prices higher at the pumps.

Under the revised pricing structure, petrol will increase from GH¢11.57 to GH¢13.30 per litre, marking a rise of GH¢1.73.

Diesel recorded the sharpest adjustment, climbing from GH¢14.35 to GH¢17.10 per litre, an increase of GH¢2.75 within two weeks.

Liquefied Petroleum Gas (LPG) has also seen a marginal rise, moving from GH¢10.67 to GHS10.71 per kilogramme.

In a notice issued to Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs), the Authority directed all operators to adhere strictly to the new price floors in line with the Petroleum Products Pricing Guidelines (PPPG).

The NPA clarified that the announced price floors exclude additional costs such as premiums charged by International Oil Trading Companies (IOTCs), as well as margins for Bulk Import, Distribution and Export Companies (BIDECs), marketers, and dealers.

These components, it said, will be determined independently by industry players.

The directive means that no OMC or LPGMC will be permitted to sell below the approved price floors during the pricing window.

Companies currently offering lower prices will be required to adjust upward from April 1.

As a result, petrol cannot be sold below GH¢13.30 per litre, while diesel will have a minimum price of GH¢17.10 per litre.

With additional levies and operational margins factored in, consumers are expected to pay significantly more at the pumps in the coming days.