Accra, Ghana – September 1, 2025
Star Oil, a leading player in Ghana’s downstream oil sector, has maintained the prices of its petroleum products for the first pricing window of September 2025.
The decision comes amidst a cautiously balanced market outlook, as noted in the September report by the Chamber of Oil Marketing Companies (COMAC). The report highlights that while supply management and geopolitical risks offer some price stability, economic softness and structural growth in renewable energy limit the potential for price increases in the short term.
COMAC also pointed out that during the period from August 12 to August 26, the Ghanaian cedi experienced a substantial depreciation against the US dollar, shifting from GHS 10.771 to GHS 11.2001. This marks a 3.98% decline, the largest recorded since the beginning of the year. This depreciation has largely influenced the price adjustments in the sector.
Despite international product prices for crude oil, petrol, diesel, and LPG seeing declines of 3.69%, 0.45%, 3.74%, and 1.73% respectively, COMAC forecasts that the depreciation of the cedi will lead to an increase in ex-pump prices. Petrol, diesel, and LPG prices are projected to rise by 3.86% to 5.40%, 1.22% to 3.39%, and 2.43% to 4.57%, respectively.
The report further emphasizes that while international product prices have softened, the depreciation of the cedi and recurring supply shortages—particularly in petrol—have played a significant role in driving up the cost of petroleum products at the pump.
Star Oil’s Pricing for September 2025
Star Oil’s prices for the 1st pricing window of September remain unchanged, with the following rates effective from 8:00 AM on September 1, 2025:
• Super Petrol: GHS 12.77
• Diesel: GHS 13.45
• RON 95: GHS 14.68
Other OMCs’ Prices for the First Pricing Window of September
Several other Oil Marketing Companies have adjusted their prices for the 1st pricing window of September, reflecting the trends in the market:
• TotalEnergies:
o Super Petrol: GHS 12.88
o Diesel: GHS 14.30
o RON 95: GHS 16.67
• Shell Ghana:
o Super Petrol: GHS 12.89
o Diesel: GHS 13.89
o RON 95: GHS 14.99
• GOIL:
o Super Petrol: GHS 12.88
o Diesel: GHS 14.30
o RON 95: GHS 14.88
Despite a decline in international crude oil prices, the cedi’s depreciation against the dollar has driven adjustments in local pump prices. Consumers are advised to monitor their local stations for the most up-to-date pricing, as these may vary slightly based on location and promotional offers.