Fuel price changes at the pumps across Ghana are again focusing attention on living costs, after new minimum pricing thresholds took effect for the first half of February and oil marketing companies began updating their retail prices.
Ghana fuel prices and the latest NPA price floors
The National Petroleum Authority (NPA) set new price floors for the February 1–15 pricing window, establishing minimum retail levels that oil marketing companies and LPG marketers are not permitted to undercut during the period. The revised floors were set at GH¢9.99 per litre for petrol and GH¢10.95 per litre for diesel, with LPG at GH¢9.05 per kilogram.
The price-floor system operates alongside Ghana’s deregulated pricing regime by limiting how low retail prices can go within each window. The policy has become a recurring point of debate, especially when households and businesses are already managing tight budgets.
What changed at the pumps
Companies have moved at different speeds in adjusting pump prices, reflecting their individual supply positions, pricing strategies and station networks.
GOIL PLC announced revised prices effective 6:00 a.m. on Monday, February 2, listing Super XP at GH¢9.99, Diesel XP at GH¢11.90, and Super XP 95 at GH¢13.97. The company said it expanded its discounted stations from 150 to 200 nationwide.
Market watchers typically expect further changes through the window as more firms complete pricing reviews and respond to movements in costs, exchange rates and international product prices.
Cost-of-living pressures in focus
Fuel costs feed quickly into transport fares, delivery charges and operating expenses for small businesses. For many households, even modest pump price changes can affect daily commuting and the prices of essential goods, particularly where transport and logistics make up a large share of final retail costs.
Business groups and consumer advocates have previously raised concerns about the extent to which price floors influence competition and whether consumers benefit fully from price declines when market conditions soften.
Policy backdrop and inflation context
The renewed debate is unfolding against a backdrop of easing inflation and a lower benchmark interest rate.
In its January 28 Monetary Policy Committee press release, the Bank of Ghana said it cut the Monetary Policy Rate to 15.50% and reported headline inflation at 5.4% in December 2025, down sharply from 23.8% a year earlier.
With the current pricing window running through mid-February, consumers and businesses are expected to keep watching retail price boards closely, as operators adjust to the latest thresholds and broader cost drivers.
