Ghana’s fuel prices are set to rise after the country’s petroleum regulator increased the minimum price thresholds for key products ahead of the second pricing window of March.
The National Petroleum Authority (NPA) said the revised price floors will take effect on March 16, reflecting increases across petrol, diesel and liquefied petroleum gas (LPG).
Under the new thresholds, the minimum ex-pump price for petrol has been raised to GH¢11.57 per liter from GH¢10.46 recorded between March 1 and March 15. Diesel’s price floor climbed more sharply to GH¢14.35 per liter from GH¢11.42, while LPG increased to GH¢10.67 per kilogram from GH¢9.38.
The adjustments represent increases of GH¢1.11 for petrol, GH¢2.93 for diesel and GH¢1.29 for LPG within the same month, signaling mounting pressure on fuel costs and raising the likelihood of higher pump prices nationwide.
The NPA’s price floors represent the minimum allowable retail price under Ghana’s petroleum pricing framework. They do not reflect the final pump prices paid by consumers, as several cost components are excluded from the baseline calculation.
Among the elements not included are premiums charged by international oil trading companies, operating margins for Bulk Import, Distribution and Export companies, as well as margins set by individual oil marketing companies and retail dealers. Those costs are typically added before final pump prices are set at filling stations.
The latest revision comes as analysts anticipate further fuel price increases in the second pricing window of March, citing rising global crude prices linked to renewed geopolitical tensions in the Middle East.
Source:TheDotNews