“This is why the NPA as part of its mandate to regulate the petroleum downstream sector decided to engage the media on petroleum pricing in the country”. He encouraged journalists not to make petroleum pricing an NDC or NPP matter because “petroleum pricing basically drives the economy, drives agriculture, drives the markets, productivity in workplaces and more. What goes into petroleum pricingThe prices of petroleum products on the world market are influenced basically by demand and supply fundamentals. Examples of the margins are, BOST Margin, Primary Distribution Margin, Fuel Marking Margin, Distribution Compensation Margin, Marketers Margin, Dealers/Retailers Margin, LPG Filling Plant/Premix/MGO-Local Admin Margin and many others. NPA’S role in a deregulated pricing environment• Ensure that BDCs and OMCs set prices in accordance with the prescribed petroleum pricing formula.

Source: GhanaWeb August 11, 2021 15:22 UTC