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The National Petroleum Authority (NPA) has introduced a new price floor for petroleum products, mandating Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to strictly comply with minimum price thresholds for the second pricing window of February.
The directive, which takes effect from February 16 to 28, 2025, sets the minimum prices as follows:
- Petrol: GH₵12.56 per litre
- Diesel: GH₵13.45 per litre
- LPG: GH₵14.26 per kilogram
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The NPA has warned that any company selling fuel below these thresholds will face sanctions. The price floor policy aims to prevent price undercutting, which could destabilise the downstream petroleum sector.
However, the set price floors exclude additional cost components such as:
- International Oil Trading Companies (IOTCs) premiums
- Operating margins of Bulk Import, Distribution, and Export Companies (BIDECs)
- Marketing and dealer margins of OMCs and LPGMCs
These components will still be determined independently under Ghana’s price deregulation policy.
This latest move is in line with the Petroleum Pricing Guidelines, designed to ensure market stability while balancing fair competition among industry players.
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