The National Petroleum Authority (NPA) has implemented a minimum price threshold for petroleum products to stabilize Ghana’s downstream sector and prevent aggressive price undercutting among oil marketing companies (OMCs) and LPG marketing companies (LPGMCs).
Effective February 16 to 28, OMCs and LPGMCs must adhere to the newly established price floor.
Petrol and diesel will trade at no less than GH₵12.56 and GH₵13.45 per litre, respectively, while liquefied petroleum gas (LPG) will be priced at a minimum of GH₵14.26 per kilogram.
According to the NPA, the directive seeks to ensure pricing transparency and long-term market sustainability. Companies that fail to comply face regulatory sanctions, as authorities work to prevent market distortions that could threaten industry stability.
Although the price floor does not cover international oil trading companies’ premiums or bulk importers’ margins, it is expected to deter excessive discounting strategies among industry players.
OMCs and LPGMCs retain the flexibility to set their own marketing and dealer margins within Ghana’s deregulated pricing framework.
Analysts believe the policy will reduce the risk of price wars and foster a more predictable pricing environment.
Dr. Abiba Zakariah appointed acting Commissioner of National Insurance Commission
