The National Petroleum Authority (NPA), has directed Oil Marketing Companies (OMC) and LPG Marketing Companies (LPGMCs) to submit their indicative ex-pump prices to NPA two days before every pricing window.
The indicative ex-pump prices submitted by an OMC or LPGMC would represent its maximum indicative price for the two week period – first to 15 and 16 to the end of the month.
In a directive to the OMCs, Bulk Oil Distributing Companies (BDC) and other industrial stakeholders signed by Mr Jacob Amuah, NPA Technical Director for the Chief Executive and copied to the Ghana News Agency in Accra said.
The directive tagged: “Interim Guidelines for Petroleum Service Providers underprice deregulation,” tasked service providers to adhere strictly to the guidelines to ensure effective transition and smooth implementation of the price liberalisation regime.
The NPA directives also warned Petroleum Service Providers that they cannot price its ex-refinery or ex-pump price higher than the maximum indicative price set for a specific pricing window.
“However, it can revise its ex-pump prices downward within the pricing window if the Petroleum Service Provider chooses,” the statement stated.
The NPA also direct all Petroleum Service Providers to ensure that ex-pump prices of products remains the same at all its retail outlets throughout the country at any given particular period.
“By implication an OMC or LPGMA’s ex-pump price at any given time must not vary at any of its outlets across the country irrespective of the geographical location,” the statement said.
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