NPA Raises Fuel Price Floors for February 2026 Pricing Window
The National Petroleum Authority (NPA) has announced new minimum price levels for petroleum products for the first pricing window of February 2026, spanning February 1 to February 15.
Under the directive, Oil Marketing Companies (OMCs) and Liquefied Petroleum Gas Marketing Companies (LPGMCs) are prohibited from selling petroleum products below the approved price floors during the period.
According to a price update published by Joy Business, the price floor for diesel has been increased to GH¢10.95 per litre, up from GH¢10.47. Petrol has also seen an upward adjustment, with its price floor rising to GH¢9.99 per litre from GH¢9.80. Liquefied Petroleum Gas (LPG) is now pegged at a minimum of GH¢9.05 per kilogram.
The directive means that companies currently selling below these thresholds will be required to review and adjust their pump prices to comply with the new minimum levels.
The NPA introduced the price floor policy in April 2024 as part of measures to regulate pricing practices in the downstream petroleum sector. The Authority says the policy is aimed at preventing price distortions, curbing undercutting, and promoting market stability.
According to the NPA, the initiative is consistent with the Petroleum Pricing Guidelines and seeks to enhance transparency, sustainability and fairness in the fuel market. The Authority further argues that the policy will create a more predictable and balanced pricing environment that ultimately benefits consumers while ensuring fair competition among industry players.
The decision to implement the policy, the NPA explained, followed recommendations from several industry stakeholders who raised concerns about persistent non-compliance with pricing rules by some operators, including what it described as “serious price undercutting.”
The latest adjustment comes amid ongoing debate within the industry, which recently culminated in market leader Star Oil’s exit from the Chamber of Oil Marketing Companies (COMAC).
Following an emergency board meeting, a majority of COMAC members voted to allow the NPA to proceed with the implementation of the price floor programme. COMAC has maintained that the policy is necessary to prevent the downstream petroleum industry from “collapsing.” Star Oil, however, has insisted that the price floor policy restricts its ability to set competitive prices in line with prevailing market conditions.
