OMCs have not overpriced fuel – NPA

The National Petroleum Authority(NPA) has debunked the allegation that some oil marketing companies(OMCs) have overpriced their fuel at the pumps.

It follows claims by the Chamber of Petroleum Consumers(COPEC) that OMCs are overpricing their products.

According to COPEC, the average price of petrol should be below GHC11.00 based on projections for the current pricing window. But most OMCs are charging more for the product.

However, the Head of Pricing at the NPA, Abass Ibrahim Tasunti in an interview with Starr News, said the OMCs pricing is within the estimated range by the NPA.

“If their prices that have been put out there vary significantly from our projection, we go in to analyze the prices again to ensure that whatever has influenced the price they’ve put out there is right.

“So for us, for COPEC to allege that they’ve overpriced, we will need to know what went into the assumption. From where we sit, the projection we made for this pricing window, no OMC has priced above that. It is important to indicate that our projection will not be exactly what the market will put out there.”

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