The Executive Director of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has said that fuel price differences across regions are largely driven by competition among Oil Marketing Companies (OMCs).
Speaking on Asempa FM’s Ekosii Sen show, Mr. Amoah described the development as an evolving trend, noting that pricing may vary depending on location and competitive strategies.
His comments follow the National Petroleum Authority’s (NPA) directive to scrap discounted fuel prices across the downstream petroleum sector, instructing all OMCs and LPG marketing companies to cease selective price reductions at designated retail outlets. The directive takes effect from March 16, 2026.
Mr. Amoah explained that while the Unified Petroleum Price Fund (UPPF) aims to ensure uniform fuel prices nationwide, market competition can sometimes benefit consumers.
He, however, cautioned that the core objective of the UPPF should not be undermined, even as competition shapes pricing dynamics.
“There is a new trend in price differentials due to ongoing competition in the market. Prices can vary depending on the location. Oil Marketing Companies are experiencing losses as consumers benefit from these price fluctuations. I believe the National Petroleum Authority is addressing this issue to enforce a uniform pricing system across Ghana. According to regulations, prices cannot be increased without approval during a set period,” he said.
“While I think the NPA should maintain the current system, the argument for the Unified Petroleum Pricing Fund becomes problematic if OMCs sell fuel at different prices in various regions. However, the core objective of fair pricing shouldn’t be overlooked. Personally, I believe competition is beneficial, as it can lead to better prices for consumers,” he added.
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