Petroleum margins surge by 1,326% in six years, ACEP reveals

Between 2018 and 2024, margins applied to petroleum consumption in Ghana increased by 1,326%, with the Unified Petroleum Price Fund (UPPF), Primary Distribution Margin (PDM), BOST Margin, and Cylinder Recirculation Model (CRM) rising by 350%, 257%, 300%, and 429% respectively, according to Kodzo Yaotse of ACEP.

Speaking on January 15, 2025, Mr. Yaotse criticized the lack of accountability surrounding these margins, controlled by the National Petroleum Authority (NPA), which burden consumers without clear justification.

The UPPF, designed to equalize fuel prices nationwide, was called outdated, as smaller regions sometimes pay less than urban areas like Accra.

Mr. Yaotse argued for a market-driven pricing mechanism, suggesting political influences, not efficiency, maintain the current system. ACEP urged reforms for greater transparency and consumer-focused regulation.