The National Petroleum Authority (NPA) has increased the price floors for petroleum products for the second pricing window of March 2026, which takes effect on March 16, signalling potential increases in pump prices across the country.

The revised minimum ex-pump prices show a notable rise across petrol, diesel and liquefied petroleum gas compared to the first pricing window of the month. 

Petrol’s price floor has moved up to GHȼ11.57 per litre from GHȼ10.46 cedis per litre recorded between March 1 and 15.

Diesel’s floor has climbed sharply to GHȼ14.35 per litre from GHȼ11.42 per litre, while LPG has increased to GHȼ10.67 per kilogramme from the earlier GHȼ9.38 per kilogramme.

The adjustments represent increases of GHȼ1.11 for petrol, GHȼ2.93 for diesel and GHȼ1.29 for LPG within the same month.

The changes suggest mounting pressure on fuel prices and could translate into higher pump prices in the second pricing window of March.

The price floors set by the NPA represent the minimum allowable selling price under Ghana’s petroleum pricing guidelines.

They do not constitute the final pump prices paid by consumers because several cost components remain excluded from the price floor calculations.

Among the elements not captured in the minimum price are premiums charged by International Oil Trading Companies, operating margins for Bulk Import, Distribution and Export Companies, as well as the margins set by individual Oil Marketing Companies and dealers.

These additional costs are typically added before the final pump prices are determined at the retail level.

The development comes at a time analysts are projecting increases in fuel prices for the second pricing window of March, largely driven by renewed geopolitical tensions in the Middle East which have pushed global crude oil prices higher.