Premix fuel price reduces by 16% — NPA

The price of premix fuel recorded a significant reduction of 16 per cent effective January 1, 2026, compared with the previous price review conducted on October 1 last year, according to the National Petroleum Authority (NPA). 

This development is favourable to end users, particularly fisherfolk.

The product was priced at GH¢5.3557 per litre during the same period last year, representing an approximate year-on-year reduction of 18 per cent.

The price reduction is largely attributable to the strong performance of the Ghana cedi against the US dollar, coupled with a notable decline in international gasoline prices, the primary component used in the production of premix fuel.

Additionally, the government subsidises premix fuel by 50 per cent. 

Consequently, the price is reviewed quarterly by the NPA to ensure that the subsidy remains within the approved 50 per cent cap. 

Bulk Import, Distribution and Export Companies (BIDECs) are reimbursed for any under-recoveries incurred as a result of the subsidy intervention.

The periodic release of funds to settle outstanding under-recoveries is intended to ensure an uninterrupted supply of premix fuel.

In this regard, the government had, as at the end of December last year, released a total of GH¢115.96 million to clear under-recoveries accrued up to September of that year.