Diesel Drops GH¢1, Petrol Edges Down in New Price Window

Fuel consumers in Ghana are set to experience slight relief in the second pricing window of April, following new price benchmarks announced by the National Petroleum Authority (NPA). Petrol is now expected to sell at a minimum of GH¢13.27 per litre, down slightly from GH¢13.30 in the first pricing window—representing a marginal reduction. Diesel, however, recorded a more significant drop, with the new price floor set at GH¢16.10 per litre, down from GH¢17.10, marking a GH¢1 decrease. In contrast, Liquefied Petroleum Gas (LPG) saw a slight increase, with prices rising to GH¢10.79 per kilogram from GH¢10.71. The adjustments suggest a downward trend in petrol and diesel prices, offering some relief to consumers, while LPG prices continue to inch upward. Under Ghana’s petroleum pricing guidelines, the price floor is the minimum rate at which Oil Marketing Companies and LPG Marketing Companies can sell fuel products. The new pricing window takes effect from April 16, ahead of a possible government intervention expected to suspend selected taxes and margins to ease fuel price pressures. Recent increases in fuel prices have largely been driven by geopolitical tensions in the Middle East, which continue to impact global crude oil markets and influence domestic pump prices.