The price of premix fuel recorded a significant 16 per cent reduction effective 1 January 2026, compared with the previous price review conducted on 1 October 2025. The reduction brings welcome relief to end users, particularly fisher folk, who depend heavily on the subsidized product for their operations.
On a year-on-year basis, the price is said to have declined by about 18 per cent, from GHS5.3557 per litre recorded during the same period last year.
The price reduction has been attributed largely to the strong performance of the Ghana cedi against the US dollar, coupled with a notable drop in international gasoline prices. Gasoline is the primary input used in the production of premix fuel, making global market trends a key determinant of local pricing.
Additionally, government continues to subsidise premix fuel by 50 per cent. The National Petroleum Authority (NPA) therefore reviews the price quarterly to ensure that the subsidy remains within the approved 50 percentage cap.
Under this arrangement, Bulk Import, Distribution and Export Companies (BIDECs) are reimbursed by government for any under-recoveries incurred as a result of supplying the product at the subsidised rate. This mechanism is intended to guarantee uninterrupted supply across the country.
In line with this commitment, government released a total of GHS115.96 million by the end of December 2025 to settle under-recoveries that had accumulated up to September 2025.
The latest reduction is expected to ease operating costs for fisher folk and provide added support to Ghana’s artisanal fishing sector.