The National Petroleum Authority (NPA) has marginally increased the ex-pump price floors for petrol, diesel, and liquefied petroleum gas (LPG) for the second pricing window of May.

Under the newly released figures, the floor price for petrol is set at ȼ14.60 per litre, diesel at GHȼ15.81 per litre, and LPG at ȼ13.16 per kilogram.

This marks a notable rise from the first pricing window of May, during which petrol sold at a floor price of ȼ13.25 per litre, diesel at ȼ14.30 per litre, and LPG at GHȼ13.02 per kilogram.

The adjustments show that petrol price floors increased by ȼ1.35 per litre. Diesel recorded the highest jump, rising by ȼ1.51 per litre, while LPG price floors went up by 14 pesewas per kilogram.

The price floor represents the minimum benchmark price set by the NPA for fuel products during a specific pricing window.

While the revised floors are expected to influence the pump prices announced by oil marketing companies in the coming days, final retail prices will still vary based on individual operational margins and market factors.

The NPA explained that these baseline prices exclude premiums charged by international oil trading companies, as well as the operating margins of bulk import distribution, export companies, marketers, and dealers.

Under the Petroleum Products Pricing Guidelines, all oil and LPG marketing companies must comply with these approved price floors for the current window.

In light of the upward adjustments, the Chamber of Petroleum Consumers is urging the government to extend its fuel tax relief measures by another month to protect consumers from rising costs.

The chamber noted that the global conditions prompting the initial intervention — such as ongoing tensions in the Middle East and persistent volatility in international crude oil prices — remain unchanged and continue to threaten local fuel price stability.