The National Petroleum Authority (NPA) has introduced a new price floor for petroleum products for the second pricing window of February 2025, effective from February 16 to 28.
This directive mandates Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to adhere strictly to the minimum pricing structure.
The new prices set the floor at GH₵12.56 per litre for petrol, GH₵13.45 per litre for diesel, and GH₵14.26 per kilogram for LPG. Companies that fail to comply with these minimum prices will face potential regulatory sanctions.
This move is in line with the Petroleum Pricing Guidelines and aims to maintain stability in the downstream sector.
However, the new price floors do not consider premiums charged by International Oil Trading Companies (IOTCs), the operating margins of Bulk Import, Distribution, and Export Companies (BIDECs), or the marketing and dealer margins of OMCs and LPGMCs.
These cost components will continue to be independently determined under Ghana’s price deregulation policy.
By enforcing this price floor, the NPA seeks to prevent price undercutting among industry players, which could destabilize the market.
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