The price of premix fuel, has been reduced by 16 per cent following the latest review conducted on January 1, 2026, bringing relief to fisherfolk and other end users across the country.
The reduction follows the previous price adjustment on October 1, 2025 and represents a further easing of costs for the fishing sector.
On a year-on-year basis, the price has fallen by about 18 per cent, compared to the GHS5.3557 per litre charged at the same time last year.
Officials attribute the latest price cut largely to the strong performance of the Ghana cedi against the US dollar, as well as a significant decline in international gasoline prices. Gasoline is the primary component used in the preparation of premix fuel.
In addition to favourable market conditions, the government continues to subsidise premix fuel by 50 per cent to support artisanal fishing activities.
The National Petroleum Authority (NPA) conducts quarterly price reviews to ensure that the subsidy remains within the approved 50 per cent cap.
Under the subsidy arrangement, Bulk Import, Distribution and Export Companies (BIDECs) are reimbursed by the government for any under-recoveries incurred as a result of selling the product below market cost.
This mechanism is intended to prevent supply disruptions and ensure the consistent availability of premix fuel nationwide.
As part of this effort, the government has released a total of GHS115.96 million as of the end of December 2025 to settle outstanding under-recoveries accumulated up to September 2025, reinforcing its commitment to maintaining uninterrupted supply of the subsidised product.
Source: theheraldghana.com
