Good News: NPA Reduces Price Floor for Petrol to GH¢13.69, Diesel to GH¢16.73

According to an Official Facebook Post by JoyNews on November 14, 2026, the National Petroleum Authority (NPA) has reviewed the minimum price floors for petroleum products ahead of the second pricing window of November, paving the way for possible changes in fuel prices across the country. In a post captioned, “NPA reduces price floor for petrol to GH¢13.69, diesel to GH¢16.73,” the announcement highlights a significant reduction in the minimum price for petrol, alongside a smaller adjustment for diesel.

The revised petrol price floor has been reduced from GH¢15.39 per litre to GH¢13.69 per litre, representing a decline of almost 13 per cent. The new rate is scheduled to apply from November 16 to November 30, 2026. Diesel’s minimum price floor has also been reduced from GH¢17.41 to GH¢16.73 per litre over the same period.

The adjustment is expected to provide room for oil marketing companies to review their pump prices, particularly for petrol consumers who have been monitoring recent movements in the petroleum market. However, the actual amount motorists pay will depend on the individual pricing decisions of the various oil marketing companies.

The NPA has explained that the revised price floors do not include premiums charged by International Oil Trading Companies, operating margins of Bulk Import, Distribution and Export Companies, or the margins applied by Oil Marketing Companies and LPG Marketing Companies. These additional charges are determined independently by the respective companies under the prescribed Petroleum Products Pricing Formula.

This means that the new minimum prices should not be mistaken for the exact prices motorists will automatically pay at every filling station. Rather, they establish the regulatory floor below which marketers are not expected to sell the products during the applicable pricing window.

Some oil marketing companies had already adjusted their prices before the new window officially begins. Star Oil, for instance, had reduced its petrol price to GH¢15.55 per litre, while diesel was selling at GH¢18.37. Allied Oil was selling petrol at GH¢15.50 and diesel at GH¢18.20 per litre. JP had also reviewed its prices, with petrol selling at GH¢15.95 and diesel at GH¢18.35.

The changes come amid relative stability in the Ghana cedi and reductions in international prices of crude oil and finished petroleum products. The Chamber of Oil Marketing Companies (COMAC) has identified these developments as important factors behind the recent adjustments in local fuel prices.

Under Ghana’s petroleum pricing arrangements, prices are generally reviewed on the first and sixteenth days of each month. However, the NPA has indicated that oil marketing companies may make adjustments outside those dates, provided they comply with the regulator’s approved pricing guidelines.

The reduction in the petrol price floor could offer some relief to motorists, transport operators and businesses that depend heavily on fuel. Since petrol is an important component of transportation and commercial activity, sustained reductions at the pumps could help ease some operating costs. Any wider impact on transport fares and the prices of goods, however, will depend on how fuel-price changes are reflected across the economy.

The latest review also demonstrates that movements in petroleum prices are influenced by several factors, including exchange-rate developments, international oil prices, trading premiums and the margins applied by industry operators.

For consumers, the key development to watch from November 16 will be how individual oil marketing companies translate the revised price floors into their actual pump prices.

Source: Official Facebook Post by JoyNews, November 14, 2026.

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