Story by George Yawson Vineh
The National Petroleum Authority (NPA) has established a new price floor for petroleum products, effective for the second pricing window of February.
This directive requires Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to comply strictly with the minimum price set for fuel sales.
The measure aims to prevent price distortions and ensure market stability within the downstream petroleum sector.
The regulation, which takes effect from 16th to 28th February 2025, prohibits any company from selling fuel below the designated price threshold. Petrol and diesel have been priced at a minimum of GH₵12.56 and GH₵13.45 per litre, respectively, while Liquefied Petroleum Gas (LPG) has been fixed at GH₵14.26 per kilogram.
Companies found breaching this directive risk facing regulatory sanctions from the NPA.