The National Petroleum Authority (NPA) has announced an upward revision of the baseline pump prices for key petroleum products for the second pricing window of February 2026.
According to the directive, which is effective from February 16 to February 28, no Oil Marketing Company (OMC) may retail petrol below GH¢10.24 per litre, a rise from the previous floor of GH¢9.99.
Similarly, the diesel price floor has been adjusted to GH¢11.34 per litre, up from GH¢10.95 in the first pricing window of the month. The minimum price for liquefied petroleum gas (LPG) has also been set at GH¢9.43 per kilogram.
Under these new thresholds, all OMCs and LPG Marketing Companies (LPGMCs) must ensure they do not sell below the approved price floors during this fortnight. Operators currently pricing below these levels are expected to raise their pump prices to align with the updated standards.
Industry compliance and implications
The Chamber of Oil Marketing Companies has urged strict adherence to the established pricing guidelines, noting that the price floors do not factor in international trading premiums, operating costs of bulk importers and distributors, or the individual margins of marketers and dealers, all of which firms calculate separately.
According to the Chamber, following the NPA’s pricing rules is essential for maintaining fairness in the market, protecting consumers, and ensuring overall sector stability.