Some Oil Marketing Companies (OMCs) have begun reducing ex-pump fuel prices at the start of the first pricing window of May, pointing to a marginal easing in Ghana’s downstream petroleum market.
State-owned GOIL is now selling petrol at GH¢13.25 per litre, down by 2 pesewas from GH¢13.27 recorded in the second pricing window of April.
Diesel prices have seen a sharper adjustment, falling by 44 pesewas to GH¢15.66 per litre from GH¢16.10 previously.
GOIL’s premium grade, Super XP 95, remains unchanged at GH¢15.77 per litre.
Star Oil has also revised its pump prices. Petrol is now selling at GH¢13.25 per litre, reflecting a 2 pesewas reduction from GH¢13.27 in the previous pricing window.
Diesel has declined by 55 pesewas to GH¢15.55 per litre, down from GH¢16.10. Its RON 95 product remains unchanged at GH¢14.67 per litre.
The adjustments broadly align with projections of modest price moderation for the May pricing window.
The reductions in petrol and diesel prices are attributed to lower global benchmarks and the continued impact of a joint government–industry intervention aimed at cushioning consumers.
More OMCs are expected to review their prices in the coming days as global oil trends and exchange rate movements continue to influence the local pricing outlook.
Price floor
The National Petroleum Authority (NPA) has marginally reduced price floors for petrol and diesel for the first pricing window of May in line with developments on the international market.
Petrol is expected to sell at a minimum of GH¢13.25 per litre, down slightly from GH¢13.27 per litre in the second pricing window of April.
Diesel price floor has dropped to GH¢14.30 per litre from GH¢16.10 per litre, marking a reduction of GH¢1.80.
In contrast, the price floor for LPG has been increased sharply to GH¢13.02 per kilogram, up from GH¢10.79 per kilogram, reflecting a rise of GH¢2.23 over the same period.
The NPA maintains that all Oil Marketing Companies and LPG Marketing Companies must comply with the stipulated price floors under the Petroleum Products Pricing Guidelines.
The regulator further notes that the announced price floors exclude premiums charged by international oil trading companies, as well as the operating margins of bulk import, distribution and export companies, in addition to marketers’ and dealers’ margins.
These components remain variable and are determined independently by industry players within the framework of the pricing guidelines.
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