Chief Executive of the Ghana Chamber of Oil Marketing Companies, Dr. Riverson Oppong, says the upcoming fuel pricing window beginning March 16 will reveal what he describes as the true dynamics of fuel marketing in Ghana’s downstream petroleum sector.
Speaking on PM Express on Joy News on Wednesday, Dr. Riverson Oppong said the next pricing window will demonstrate how the oil marketing industry truly operates.
According to Dr. Riverson Oppong, Ghanaians should expect significant developments when the new fuel pricing window opens on March 16.
His comments come as the National Petroleum Authority prepares to enforce revised Petroleum Pricing Guidelines aimed at standardizing fuel prices across the country.
Under the new directive, which takes effect on March 16, Oil Marketing Companies (OMCs) and Liquefied Petroleum Gas Marketing Companies (LPGMCs) will be required to maintain uniform fuel prices across their retail outlets.
This means the price displayed at the pump must be the same price submitted to the regulator, effectively ending the practice where companies offered discounts at selected stations while maintaining higher prices at others.
However, Dr. Riverson Oppong rejected claims that the National Petroleum Authority has scrapped fuel discounting altogether.
Instead, Dr. Riverson Oppong insists the regulator has only corrected what he describes as a long-standing error in the fuel pricing structure.
