THE price of premix fuel saw a significant reduction of 16 per cent on January 1, 2026, compared to the last price review on October 1, 2025, the National Petroleum Authority (NPA) reported. 

This development, the NPA said, was favourable to end users, who are typically fisherfolks.

A statement issued by the National Petroleum Authority and copied to The Ghanaian Times said premix fuel was priced at GH¢5.3557 per litre at the same time last year, indicating about 18 per cent year-on-year reduction.

This price reduction is mainly due to the strong performance of the Ghana Cedi against the Dollar, combined with a significant reduction in the price of gasoline (the main product used for the preparation of premix fuel) on the international market.

In addition, the government subsidises the price of premix fuel by 50 per cent. The price is therefore reviewed every quarter by the National Petroleum Authority (NPA) to ensure that the subsidy does not exceed the 50 per cent cap.

The Bulk Import, Distribution and Export Companies (BIDECs) are also reimbursed for any under-recovery they incur due to the subsidy intervention by government.

This periodic release of funds to pay the outstanding under-recoveries due the BIDECs is to ensure uninterrupted supply of the product.

To this effect, Government has released a total of GH¢115.96 million as at the end of December 2025 to settle the under-recoveries that had accrued up to September 2025.