The Chamber of Oil Marketing Companies (COMAC) is projecting a further reduction in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG) at the pumps for the first pricing window of July 2026. According to COMAC’s latest pricing outlook, petrol prices are expected to decline by between 1.94 per cent and 9.31 per cent,...
Category: Fuel Price
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Fuel Price Competition Raises Sustainability Concerns
Fuel Pumps Ghana’s highly competitive fuel retail market, long regarded as one of the success stories of the country’s downstream petroleum reforms, is coming under renewed scrutiny as industry leaders warn that aggressive price competition could threaten the long-term stability of the sector. The debate gained fresh attention at the Ghana Biennial International Summit and...
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Fuel Could Be Selling at GH¢9 Per Litre Without Global Conflicts, Says CBOD
Dr Patrick Ofori, Chief Executive of the Chamber of Bulk Oil Distributors (CBOD), stated that global supply chain disruptions caused by international conflicts have kept fuel prices high in Ghana. Speaking on Citi Eyewitness News on Tuesday, June 16, 2026, Dr Ofori noted that the US-Israel conflict heavily contributed to fuel price increases over the...
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Government Scraps Diesel Fuel Price Relief
Government has officially scrapped the remaining diesel fuel price relief of GH¢1.07 per litre ahead of the second pricing window of June, which takes effect on June 16.The decision brings to an end all temporary fuel price interventions introduced to cushion consumers and businesses from rising petroleum prices triggered by tensions in the Middle East....
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Petrol prices set for sharpest drop in months amid falling global oil prices
The latest pricing outlook released by the Chamber of Oil Marketing Companies (COMAC) says petrol, diesel and LPG will all record some reductions during the second pricing window of June.According to the report motorists are to enjoy significant relief at the pumps from June 16, as fuel prices are projected to fall sharply nationwide. Petrol...
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NPA reduces petrol, diesel and LPG price floors for second June pricing window.
The price floor for petrol, diesel and liquefied petroleum gas (LPG) has been reduced for the second pricing window of June, according to the National Petroleum Authority (NPA), citing favourable international market conditions and shifting market dynamics. The benchmark price floor for diesel has been set at GH¢15.11 per litre, down from GH¢15.49 per litre...
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Pump prices set to rise again with petrol up 3.59%, diesel 1.52% in March window
Consumers should brace for higher fuel costs in the first pricing window of March 2026, as petroleum prices are expected to increase marginally at the pumps. According to the Chamber of Petroleum Consumers (COPEC), “Petroleum prices beginning the 1st window of March 2026, are expected to see some marginal increments across the pumps.” COPEC projects...
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GOIL Sustains Upward Momentum in 2026 Following 95% Share Price Surge
GOIL PLC has carried its strong market performance into 2026 after delivering an impressive 95 percent share price growth in 2025, further strengthening investor confidence in the company’s transformation agenda.The indigenous oil marketing company has emerged as one of the top performers on the Ghana Stock Exchange in the early months of 2026. Its share...
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Beyond the Pump: The Hidden Financial Forces Shaping Ghana’s Downstream Petroleum Market
Ghana’s downstream petroleum sector often appears simple from a distance. The assumption is straightforward: import refined fuel, set prices and sell at the pump.In reality, however, the Ghana downstream petroleum sector is shaped by far more complex forces that determine who thrives, who struggles and who quietly exits the market.Beneath the visible competition of fuel...
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COPEC Urges Strategic Investment in Tema Oil Refinery as Fuel Price Hikes Loom
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has urged the government to prioritise strategic investment in the Tema Oil Refinery (TOR) as a long-term solution to Ghana’s recurring fuel price volatility. According to Mr. Amoah, Ghana’s continued exposure to international fuel price fluctuations is largely due to inadequate investment in...