The National Petroleum Authority (NPA) has announced that it will revise the diesel price floor after government introduced a GH¢2 per litre subsidy aimed at cushioning consumers against rising fuel costs. This comes after President John Dramani Mahama directed the NPA to take steps to absorb GH¢2 on every litre of diesel as part of measures to cushion consumers against recent fuel price increases. The new price floor, which takes effect on Tuesday, will serve as the minimum price at which Oil Marketing Companies (OMCs) can sell diesel during the current pricing window. "The intervention that has been made is in the price build-up, and this price build-up is what is used to determine the price floor. This means that we are going to issue a new price floor today, effective tomorrow."