The National Petroleum Authority (NPA) has introduced a new price floor for petroleum products, set to take effect during the second pricing window of February 2025.
This move is designed to maintain stability in the downstream petroleum sector and prevent unfair pricing practices.
Under the new directive, all Oil Marketing Companies (OMCs) and Liquefied Petroleum Gas Marketing Companies (LPGMCs) must adhere to the minimum pricing structure for fuel sales.
Effective from February 16 to February 28, 2025, petrol and diesel must be sold at a minimum price 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.
By enforcing these price thresholds, the NPA aims to protect consumers and industry players from price distortions that could lead to market instability. The policy ensures that fuel prices remain competitive while safeguarding the interests of businesses operating within the sector.
The NPA has warned that any company found violating the directive by selling below the minimum price will face strict regulatory sanctions. The authority remains committed to monitoring compliance and ensuring fair pricing mechanisms across the industry.
