The National Petroleum Authority (NPA) has introduced a new minimum price for petroleum products, effective February 16, the second pricing window of the month.
This directive mandates Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to adhere to a set price floor, preventing fuel sales below the specified rates.
The measure aims to stabilise the downstream petroleum market and prevent price distortions.
From February 16 to 28, 2025, petrol and diesel must be sold at a minimum of GH₵12.56 and GH₵13.45 per litre, respectively, while Liquefied Petroleum Gas (LPG) is set at GH₵14.26 per kilogramme.
Any company selling below these thresholds will face regulatory sanctions.
The NPA clarified that the price floors exclude premiums charged by International Oil Trading Companies (IOTCs) and operating margins of Bulk Import, Distribution, and Export Companies (BIDECs).
Additionally, OMC and LPGMC marketing and dealer margins remain flexible under the country’s deregulated pricing framework.
By enforcing a price floor, the NPA seeks to curb unhealthy competition, discourage undercutting, and promote fair business practices.
The move aligns with the Petroleum Pricing Guidelines, ensuring transparency and sustainability in fuel pricing.
Despite the regulation, companies remain free to set prices above the floor, allowing for competition while ensuring consumer protection and market stability.
This directive reinforces the government’s commitment to maintaining a predictable, fair, and sustainable petroleum pricing structure.
