Fuel prices could change daily as Bulk Oil Distributors abandon fixed pricing model

Motorists could soon see fuel prices changing almost every day instead of every two weeks after Bulk Oil Distribution Companies (BDCs) shifted to spot pricing for petroleum products, a move driven by rising volatility on the international oil market.

Another major oil marketing company, which declined to be named, also defended the practice, saying the National Petroleum Authority’s guidelines permit pump price adjustments whenever ex-refinery prices rise within a pricing window.

It remains unclear what position the National Petroleum Authority will take on the industry’s growing shift towards daily fuel price adjustments, a move that could fundamentally change how motorists experience fuel pricing in Ghana.