Price floors for petrol, diesel and liquefied petroleum gas (LPG) for the first pricing window of August have increased compared with the second pricing window of July, signaling continued upward pressure on fuel prices.
The latest figures published by the National Petroleum Authority (NPA) and seen by Citi
Business News indicate higher minimum retail thresholds for all three petroleum products.
The petrol price floor has been set at GH¢14.53 per litre, up from GH¢13.28 per litre in the second pricing window of July, representing an increase of GH¢1.25 per litre, or 9.4 percent.
Diesel recorded the largest increase, with its price floor moving to GH¢16.97 per litre from GH¢14.35 per litre, representing an increase of GH¢2.62 per litre, or 18.3 percent.
The adjustment is among the biggest increases in diesel price floors recorded in recent times and is expected to significantly raise operating costs for the transport, mining, construction, manufacturing and agricultural sectors, where diesel is a key input.
The LPG price floor has also increased to GH¢11.06 per kilogram from GH¢10.19 per kilogram, representing an increase of GH¢0.87 per kilogram, or 8.5 percent.
The price floors represent the minimum retail thresholds that Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) are required to observe during the pricing window.
They exclude premiums charged by International Oil Trading Companies (IOTCs), operating margins of Bulk Import, Distribution and Export Companies (BIDECs), as well as marketers’ and dealers’ margins, which are determined independently under the Petroleum Product Pricing Guidelines.
The higher price floors come as several OMCs continue to adjust pump prices upward amid rising international crude oil prices and a weaker cedi. Brent crude prices have climbed following renewed geopolitical tensions involving the United States and Iran, while the Bank of Ghana’s July 2026 Summary of Economic and Financial Data showed the cedi had depreciated 9.5 percent against the U.S. dollar by the end of July.
The latest price floor adjustments point to sustained pressure on fuel prices in the first pricing window of August.
Higher fuel costs are expected to feed into transportation, logistics and production expenses, increasing cost pressures for businesses and raising the likelihood of higher transport fares and consumer prices.