The National Petroleum Authority (NPA) has announced new minimum price floors for petroleum products for the second pricing window of March.
The National Petroleum Authority says the new price floors will take effect from March 16 to March 31, affecting petrol, diesel, and LPG nationwide.
According to the National Petroleum Authority, the revised minimum price for petrol has increased from GH¢10.46 to GH¢11.57 per litre.
The National Petroleum Authority also raised the minimum price floor for diesel from GH¢11.42 to GH¢14.35 per litre, marking a sharp adjustment. Industry observers say the diesel increase announced by the National Petroleum Authority represents one of the most significant price floor changes recently.
The National Petroleum Authority further adjusted the minimum price of Liquefied Petroleum Gas to GH¢10.67 per kilogram, up from GH¢9.38 previously. In a notice to oil marketing companies, the National Petroleum Authority urged all operators to comply with the Petroleum Products Pricing Guidelines.
The NPA clarified that the announced price floors exclude premiums charged by international oil trading companies and other industry margins.
According to the National Petroleum Authority, bulk importers, distributors, marketers, and dealers will independently determine their operating margins under existing guidelines.
The National Petroleum Authority says no oil marketing company or LPG marketing company may sell petroleum products below the approved price floors.
