Ghana’s National Petroleum Authority (NPA) has increased the minimum price floor for fuel effective August 1, raising petrol to GH¢14.53 per litre and diesel to GH¢16.97 per litre.
The adjustment follows a similar hike on July 16, when the regulator set petrol at GH¢13.28 and diesel at GH¢14.35, reflecting a continued pass-through of elevated international energy costs to domestic consumers.
7% in May, according to data from the Ghana Statistical Service.
Retail projections from the Chamber of Petroleum Companies (COPEC) suggest average pump prices will settle near GH¢15.95 for petrol and GH¢19.45 for diesel.
These figures indicate that retailers are adding margins above the new regulatory floors, further amplifying the cost burden on households and businesses reliant on road transport.
The price increases arrive as Ghana’s annual inflation rate accelerated sharply to 5.3% in June, up from 3.7% in May, according to data from the Ghana Statistical Service.
This marks the third consecutive month of rising consumer prices, driven largely by food and energy costs.