The National Petroleum Authority (NPA) has announced an upward adjustment in the minimum price levels for petroleum products for the second pricing window of February 2026.
The revised price floors will apply from February 16 to February 28, 2026. Under the directive, Oil Marketing Companies (OMCs) are barred from selling petrol below GH¢10.24 per litre, up from the GH¢9.99 price floor set during the first pricing window of the month.
Diesel prices have also been adjusted, with the minimum price increasing from GH¢10.95 to GH¢11.34 for the same period. Liquefied Petroleum Gas (LPG) has similarly seen an upward revision, with the price floor now set at GH¢9.43 per kilogram.
The NPA directive requires all OMCs and LPG Marketing Companies (LPGMCs) to strictly adhere to the approved price floors, warning that firms currently selling below the thresholds must adjust pump prices upward. The development is also expected to compel some companies, including those that had planned to maintain existing prices due to competitive pressures, to increase prices.
Reacting to the announcement, the Chamber of Oil Marketing Companies has reminded all OMCs and LPGMCs of their obligation to comply with the Petroleum Products Pricing Guidelines. The Chamber clarified that the price floors do not include premiums charged by International Oil Trading Companies, operating margins of Bulk Import, Distribution and Export Companies (BIDECs), or the margins of marketers and dealers.
It noted that these additional costs are to be determined independently by the respective companies, in line with the pricing guidelines, and urged strict compliance to ensure market stability, consumer protection, and fairness across the industry.
The price floor policy was introduced by the NPA in April 2024 as part of efforts to prevent price distortions and promote stability in the downstream petroleum sector. The Authority says the policy enhances transparency, sustainability, and predictability in fuel pricing, while addressing concerns over price undercutting by some industry players.
