Minimum prices for petrol, diesel and liquefied petroleum gas (LPG) for the first pricing window of August have gone up compared to the second window in July, pointing to more pressure on pump prices.
Data released by the National Petroleum Authority (NPA) shows higher baseline retail rates for the three fuel products. The floor price for petrol has been pegged at GH¢14.53 per litre, up from GH¢13.28 per litre in the last July window.
That is an increase of GH¢1.25 per litre, or 9.4 per cent. Diesel saw the sharpest jump. Its floor price climbed to GH¢16.97 per litre from GH¢14.35 per litre, a rise of GH¢2.62 per litre representing 18.3 per cent.
The hike is one of the steepest diesel floor adjustments in recent periods and is likely to push up running costs for transport, mining, construction, manufacturing and farming industries where diesel is a major expense. LPG’s floor price has also moved up to GH¢11.06 per kilogramme from GH¢10.19 per kilogramme, an increase of GH¢0.87 per kilogramme, or 8.5 per cent. The floors are the lowest retail prices that Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) must charge during the pricing period.
They do not include charges by International Oil Trading Companies (IOTCs), margins for Bulk Import, Distribution and Export Companies (BIDECs), or markups for marketers and dealers, which are set separately under the Petroleum Product Pricing Guidelines.
The upward revision comes as many OMCs keep raising pump prices due to higher global crude costs and a weaker cedi. Brent crude has gained ground following fresh geopolitical tensions between the United States and Iran, while the Bank of Ghana’s July 2026 Summary of Economic and Financial Data showed the cedi had lost 9.5 per cent against the U.S. dollar by the end of July.
The new floor prices suggest fuel costs will remain under pressure in the first August pricing window.Increased fuel expenses are expected to filter into transport, logistics and production, adding to business costs and raising the chances of higher fares and retail prices for consumers.
