- NPA sets new price floor
- Petrol, diesel, LPG prices fixed
- Violators face sanctions
The National Petroleum Authority (NPA) has set a new price floor for petroleum products for the second pricing window of February 2025, mandating that Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) strictly adhere to the established minimum prices.
Effective from February 16 to 28, 2025, the directive requires that no company sells fuel below the newly set price floor. Any company found violating this rule could face sanctions from the NPA.
The price floor for petrol has been set at GH₵12.56 per litre, while diesel is pegged at GH₵13.45 per litre. The price for Liquefied Petroleum Gas (LPG) has been fixed at GH₵14.26 per kilogram.
This measure is in line with the Petroleum Pricing Guidelines, which aim to maintain stability in the downstream sector of the industry.
However, the NPA’s price floors do not include the 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 elements will continue to be determined independently by the companies as per the country’s price deregulation policy.
The NPA’s introduction of the price floor is designed to curb price undercutting among industry players, which could destabilize the market and affect fair competition.
