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Investigations by Business Day Ghana News have exposed discrepancies in the pricing of petroleum products by some Oil Marketing Companies following attempts to implement the full deregulation of the petroleum downstream sector.

The huge difference in the prices of petroleum products at various pump stations has led to concerns about the pricing formula of the different OMCs and the capacity of the National Petroleum Authority to effectively regulate the OMCs.

There is currently a 21 pesewa gap in the price of petrol per litre and an 18 pesewa gap in the price of Diesel per litre, comparing the highest and least prices of the products on the market.

This will translate into millions of dollars in windfall profit for the OMCs without any form of accountability.

The table below details petrol and diesel prices after NPA sanctioned price adjustments on June 16 and July 1 and the percentage change.

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