The National Petroleum Authority (NPA) has announced new minimum ex-pump price floors for petroleum products for the first pricing window of August, setting revised benchmark prices for fuel retailers across the country.
The new prices take effect from Aug. 4 to Aug. 15.
Under the revised schedule, the minimum ex-pump price for petrol has been set at GH¢14.53 per litre, while diesel will sell from GH¢14.97 per litre. Liquefied Petroleum Gas (LPG) has been pegged at GH¢11.06 per kilogramme.
The Authority also fixed the minimum ex-pump price of Marine Gas Oil (MGO Local) at GH¢16.08 per litre, while kerosene will sell from GH¢14.46 per litre.
In a statement issued on Aug. 3, the NPA directed all Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to comply with the revised minimum price floors throughout the pricing window.
The regulator said the published prices represent only the minimum ex-pump price floors and do not include premiums charged by International Oil Trading Companies (IOTCs), operating margins of Bulk Import, Distribution and Export Companies (BIDECs), or the marketers’ and dealers’ margins applied by OMCs and LPGMCs.
According to the NPA, those additional charges will continue to be determined independently by the respective companies in line with the Petroleum Product Pricing Guidelines (PPPG).
