Ghana’s LPG prices are falling even as international markets see a sharp rise, the National Petroleum Authority (NPA) confirmed on Thursday.
Abass Tasunti, the NPA’s Director of Economic Regulation and Planning, explained that the country imports LPG through a tender programme that locks in the price for each one‑month cargo. “The price at which the product was imported is locked in for that one‑month period,” he said on Joy News’ PM Express Business Edition.
Because the import price is fixed, changes in global prices do not immediately affect the cost of cargo already purchased. Tasunti noted that this arrangement explains why local LPG prices are falling even though the next pricing window shows a significant increase.
He added that the same system had caused a previous price hike when a new cargo arrived at a higher cost. Consumers therefore experience a delayed adjustment when the monthly import price changes, but the earlier purchase provides a cushion for the coming window.
Tasunti also highlighted pressure on international diesel supplies, citing disruptions from Russia, including attacks on refineries and export restrictions. He said European strategic reserve releases have helped in the short term, but uncertainty remains.
For Ghana’s LPG consumers, the immediate relief comes from the lower price already secured under the monthly tender programme.
