# West African fuel price hikes > Live situation record from CLSTR: https://clstr.news/situations/west-african-fuel-price-hikes > Updated: 2026-08-05T09:26:29.000Z. Sources: 47. Developments: 8. In early August 2026 Ghana’s president ordered a temporary GH¢2 per‑litre cut to the regulatory diesel margin (4‑15 August). The National Petroleum Authority set August ex‑pump price floors at GH¢14.53/L for petrol, GH¢14.97/L for diesel, GH¢11.06 kg for LPG, GH¢16.08/L for marine gas oil and GH¢14.46/L for kerosene. Nigeria’s state‑owned NNPC reduced Premium Motor Spirit by N36/L in Abuja and N70/L in Lagos, while the newly‑operational Dangote Refinery kept its gantry price steady and LPG fell about 39 % after new import permits. Pakistan’s federal government trimmed petrol by Rs3.39/L and diesel by Rs4.07/L, moving to daily adjustments after earlier spikes linked to supply disruptions in the Strait of Hormuz. Opposition New Patriotic Party officials in Ghana questioned the financing and durability of the diesel cut, demanding transparency. Energy analyst Kwadwo Nsafoah Poku warned the measure could add roughly GH¢520 million to the National Petroleum Authority’s liabilities, pushing total debt beyond GH¢1 billion if extended. NPA director Abass Ibrahim Tasunti reiterated that fuel supplies remain secure despite rising global crude prices and a weakening cedi. Further criticism emerged as opposition MP Lawratu Mussah‑Saaka and other NPP figures pressed the government for a clear funding plan, noting that the GH¢2 cut provides limited relief while diesel and petrol together accounted for over GH¢52 billion of imports in 2025—about one‑fifth of Ghana’s total import bill. The NPA affirmed that the country holds more than five weeks of fuel stocks, regularly replenished through imports and limited local refining, to avoid shortages. A week earlier, the Chamber of Petroleum Consumers (COPEC) cautioned that Ghana’s pump prices could rise again as international crude and refined‑product prices climb. ## Claims - Ghana's Chamber of Oil Marketing Companies projected petrol to rise about 7.58 % and diesel about 12.5 % for the August 2026 pricing window. (corroborated by 3 sources) - Dangote Petroleum Refinery offered petrol at N1,215 per litre, while the landed cost of imported petrol was N1,223.32 per litre on 29 July 2026. (corroborated by 3 sources) - The fuel price hikes are attributed to a 23 % rise in global crude oil prices and heightened US‑Iran tensions affecting the Strait of Hormuz. (corroborated by 3 sources) - The National Petroleum Authority set August indicative price floors at GH¢14.53 per litre for petrol and GH¢16.97 per litre for diesel. (corroborated by 3 sources) - Petrol price floor represents a 9.4% increase and diesel price floor an 18.3% increase. (corroborated by 3 sources) - Some oil‑marketing companies had already raised diesel prices above GH¢18.00 per litre. (corroborated by 3 sources) - The Price Stabilisation and Recovery Levy was increased by GH¢1 per litre in July 2025. (corroborated by 3 sources) - The National Democratic Congress pledged in its 2024 election manifesto to use the levy to cushion consumers, stabilise the cedi and reduce the cost of living. (corroborated by 3 sources) - Sammi Awuku is the MP for Akuapem North and a member of the New Patriotic Party. (corroborated by 3 sources) - The Ghanaian cedi depreciated by about 1.41 % against the US dollar during the August pricing period. (corroborated by 2 sources) - Brent crude averaged $90 per barrel during the review period. (corroborated by 2 sources) - Brent crude fell from US$78 to US$71.90 during the previous pricing window. (corroborated by 2 sources) ## Timeline ### 2026-08-05: Ghana’s GH¢2 Diesel Price Cut Sparks Debate Over Funding and Import Dependence Ghana’s GH¢2 diesel cut draws calls for funding transparency as diesel and petrol imports total over GH¢52 bn, while the NPA reports five weeks of fuel stocks to safeguard supply. 16 sources. https://clstr.news/cluster/ghana-npp-officials-criticize-diesel-price-cut-and-fasttracked-cocoa-bill ### 2026-08-03: Côte d'Ivoire raises fuel prices amid Hormuz crisis Côte d'Ivoire lifts fuel prices for August, setting super at 905 FCFA, diesel at 725 FCFA, amid Hormuz‑driven oil market shocks and costly state subsidies. 4 sources. https://clstr.news/cluster/cte-divoire-raises-fuel-prices-amid-hormuz-crisis ### 2026-08-02: Ghana President Mahama Cuts Diesel by GH¢2; Nigeria and Pakistan Also Adjust Fuel Prices Ghana cuts diesel by GH¢2 per litre and sets new fuel price floors; Nigeria trims petrol and LPG prices; Pakistan lowers petrol and diesel amid global oil volatility. 17 sources. https://clstr.news/cluster/nigerias-nnpcl-cuts-petrol-price-as-ghana-sets-new-fuel-price-floors ### 2026-08-01: Ghana to raise petrol, diesel and LPG prices from August 1 Ghana will raise fuel prices on 1 Aug 2026: petrol +7.6 %, diesel +12.5 %, LPG +4.1 %, due to higher global crude prices and a weaker cedi. 7 sources. https://clstr.news/cluster/ghana-to-raise-petrol-diesel-and-lpg-prices-from-august-1 ### 2026-07-31: Ghana Parliament approves fuel levy amendment to curb subsidy abuse Ghana Parliament passed a bill raising the fuel oil levy to GH¢1.93 per litre and tightening refund rules to stop subsidy abuse, aiming to recover US$25 million lost in early 2026. 5 sources. https://clstr.news/cluster/ghana-parliament-approves-fuel-levy-amendment-to-curb-subsidy-abuse ### 2026-07-30: Fuel price hikes hit UAE, Ghana, Nigeria and Côte d’Ivoire UAE, Ghana, Nigeria and Côte d’Ivoire all announced fuel price hikes for August 2026, citing higher global oil prices and, in Ghana, a weaker cedi. 13 sources. https://clstr.news/cluster/ghanas-npa-sets-new-fuel-price-floor-raising-petrol-to-gh1453-and-diesel-to-gh1697 ### 2026-07-27: Ghana faces another rise in fuel prices as COPEC warns of global oil surge COPEC warned Ghana's fuel prices may rise again this week due to higher global oil prices, noting the Tema Oil Refinery buys crude at commercial rates and urging a review of supply arrangements. 5 sources. https://clstr.news/cluster/ghana-faces-another-rise-in-fuel-prices-as-copec-warns-of-global-oil-surge ### 2026-07-16: Nigeria and Ghana raise petrol prices amid higher crude costs Nigeria retailers raised petrol by N40‑N50 per litre and Dangote set dollar‑priced fuel; Ghana’s Star Oil lifted petrol to GH¢13.67 and diesel to GH¢16.27 amid higher crude and cedi weakness. 7 sources. https://clstr.news/cluster/nigeria-and-ghana-raise-petrol-prices-amid-higher-crude-costs --- Cite as: West African fuel price hikes. CLSTR, https://clstr.news/situations/west-african-fuel-price-hikes