The National Petroleum Authority (NPA) has introduced a new price floor for petroleum products, effective during the second pricing window of February 2025.
Under the directive, Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) must comply with the minimum prices set for fuel sales to prevent market distortions and ensure stability in the downstream petroleum sector.
The regulation, which takes effect from February 16 to 28, sets a minimum price of GH₵12.56 per litre for petrol, GH₵13.45 per litre for diesel, and GH₵14.26 per kilogram for Liquefied Petroleum Gas (LPG). Companies selling below these thresholds risk regulatory sanctions.
According to the NPA, the measure aligns with the Petroleum Pricing Guidelines to promote transparency and sustainability in the fuel market. However, the price floors exclude premiums charged by International Oil Trading Companies (IOTCs) and operating margins of Bulk Import, Distribution, and Export Companies (BIDECs). Marketing and dealer margins for OMCs and LPGMCs also remain subject to independent determination under Ghana’s price deregulation policy.
Despite deregulation, the introduction of a price floor is expected to curb undercutting among industry players, fostering fair competition while maintaining a stable pricing structure.
