Els: MBN360 Business
Petrol and diesel consumers could see slight relief in the second pricing window of April, following new price floors set by the National Petroleum Authority (NPA).
Under the revised benchmarks, petrol is expected to sell at a minimum of GH¢13.27 per litre, marginally down from GH¢13.30 per litre in the first pricing window of April, a reduction 0.3 pesewas.
Diesel is also set for a more significant drop, with the new price floor pegged at GH¢16.10 per litre, compared to GH¢17.10 per litre previously. A reduction of GHC1.
In contrast, the price floor for Liquefied Petroleum Gas (LPG) has increased slightly to GH¢10.79 per kilogram, up from GH¢10.71 per kilogram in the previous window.
The adjustments signal a downward trend for petrol and diesel prices, offering some respite to consumers, while LPG continues to edge upward.
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Under Ghana’s petroleum pricing guidelines, the price floor represents the minimum rate Marketing Companies and LPG Marketing Companies are permitted to sell fuel products.
The price floors exclude the premiums charged by International Oil Trading Companies (IOTCs) and the operating margins of BIDECs, as well as the Marketers’ and Dealers’ Margins of OMCs/LPGMCs.
These will be independently determined by the companies as pertains under the Petroleum Products Pricing Guidelines.
The new pricing regime takes effect ahead of an expected government announcement on the suspension of selected taxes and margins in the upcoming pricing window, which begins April 16—an intervention aimed at cushioning consumers against sustained fuel price pressures.
Fuel prices have risen in recent weeks, largely driven by geopolitical tensions in the Middle East, which continue to influence global crude oil markets and, in turn, domestic pump prices.
