Several Oil Marketing Companies (OMCs) are reportedly flouting the National Petroleum Authority’s (NPA) directive that no industry player should price petroleum products below the approved Fuel Price Floor.
Checks by JOYBUSINESS at service stations found that some OMCs were selling fuel below the regulator-set minimum prices.
For instance, based on service station board quotes dated February 2, 2026, Amser and Radiance were observed pricing below the NPA’s Price Floor.
OMCs Selling Below Price Floor
Based on JOYBUSINESS checks on February 3, 2026, the following OMCs were selling below the regulated price floor:
- Breedlove PETROL – GHC 9.80 DIESEL – GHC 10.80
- ALINCO PETROL – GHC 9.80 DIESEL – GHC 10.78
- Frontie PETROL – GHC 9.80 DIESEL – GHC 10.75
- Frimps PETROL – GHC 9.97 DIESEL – GHC 11.20
- Goodness PETROL – GHC 9.75 DIESEL – GHC 10.75
The Fuel Price Floor Programme
The National Petroleum Authority last week announced new minimum price levels for petroleum products for the first pricing window of February 2026, covering February 1 to February 15.
Under the directive, no OMC or LPG Marketing Company (LPGMC) is allowed to sell petroleum products below the approved price floor during this period.
According to the update:
- Diesel price floor has been increased to GHC 10.95 per litre, up from GHC 10.47.
- Petrol price floor is now GHC 9.99 per litre, up from GHC 9.80.
- Liquefied Petroleum Gas (LPG) is priced at GHC 9.05 per kilogram.
The directive requires OMCs currently selling below these thresholds to adjust pump prices immediately to comply with NPA regulations.
OMCs’ Concerns
Some OMCs and the Chamber of Oil Marketing Companies have urged the NPA to strictly enforce the Fuel Price Floor Programme.
They argue that non-compliant players undermine members who are following the directive.
Some industry players also believe the NPA has not done enough to ensure market compliance, raising questions about the policy’s relevance.
Several have suggested that if enforcement remains weak, it may be better to remove the policy altogether.
The Chamber of Oil Marketing Companies communicated its stance during a board meeting with the NPA earlier this month, urging the authority to press ahead with the programme despite compliance challenges.
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
