NPA Announces Marginal Fuel Price Reduction from May 1

Fuel prices are set to record a slight reduction from Friday May 1, 2026, with diesel seeing a sharper drop compared to petrol, according to the National Petroleum Authority (NPA).

Under the new pricing window running from May 1 to May 15, petrol will be sold at GH¢13.25 per litre, while diesel is priced at GH¢14.30 per litre. Liquefied Petroleum Gas is also set at GH¢13.02 per kilogramme.

The NPA says petrol has recorded a marginal reduction of 2 pesewas, while diesel has dropped significantly by GH¢1.80 per litre.

The Authority explained that the ex-pump price floors for the period have been set in line with the Petroleum Products Pricing Guidelines.

It attributed the adjustments to changes in global crude oil prices and exchange rate movements.

The latest easing continues a downward trend after sharp increases in April, when diesel rose to GH¢17.10 per litre due to higher global crude oil prices and a weaker cedi.

That spike was partly driven by geopolitical tensions in the Middle East, which pushed Brent crude above $100 per barrel, increasing import costs for fuel-importing countries such as Ghana

Since then, diesel prices have fallen by GH¢2.80 from the earlier peak, although they remain higher than levels recorded in February and early March.

Government has also intervened to cushion consumers by absorbing part of the pricing burden. From the April 16 window, it removed selected margins in the petroleum price build-up, including GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol.

It is however not immediately clear whether these measures will continue into the new pricing window or be adjusted ahead of the mid-year fiscal review.

The NPA has reminded Oil Marketing Companies and LPG Marketing Companies to comply with the approved price floors, although actual pump prices may vary depending on additional margins applied by individual stations.

The Authority noted that all operators are expected to strictly adhere to the pricing guidelines for the period under review.

The adjustment is expected to offer modest relief to consumers, although transport operators warn that sustained high fuel prices could trigger fare increases, with implications for the cost of living and inflation.

The new prices take effect on May 1, 2026, and will be reviewed again mid-month.