The CEO of the National Petroleum Authority (NPA), Godwin Edudzi Tameklo has said that while the NPA continue to make progress in safeguarding product quality and strengthening consumer protection, there is also a need to candidly acknowledge the broader challenges that impact consumers.

He referred to one such issue, the fuel price floor policy, which recently made the news.

He said that this policy was introduced to prevent predatory pricing, promote fair competition, and ensure market stability.

“While it has contributed to a more structured and predictable market, concerns have been raised regarding its potential to limit the full pass-through of reductions in global petroleum prices to consumers. These concerns are important and will continue to inform our ongoing policy reviews,” Mr Tameklo said during the 2026 World Consumer Protection Day Celebration in Accra on Thursday, March 19.

Again, he added, in recent months, developments in the global geopolitical landscape have once again demonstrated how interconnected energy markets have become.

“In particular, the ongoing conflict involving the United States, Isreal and Iran have introduced uncertainty into the global oil market.

“Historically, when tensions rise in regions critical to global energy supply, international crude oil prices respond accordingly, which invariably affects global crude oil prices.”