Category: Fuel Price

Kwadwo Poku, Executive Director of the Institute for Energy Policies and Research (INSTEPR), has weighed in on the ongoing discourse surrounding fuel price competition among Oil Marketing Companies (OMCs) in Ghana. Speaking on the issue, Mr. Poku expressed surprise at calls from some civil society organizations (CSOs) advocating for the removal of the petroleum floor...

Accra, Ghana – January 22, 2026 – The Centre for Environmental Management and Sustainable Energy (CEMSE) has raised concerns over the National Petroleum Authority’s (NPA) petroleum price floor, arguing that the policy undermines market efficiency, stifles competition, and ultimately hurts consumers. Introduced in April 2024, the price floor sets a minimum retail price for petroleum...

The Africa Sustainable Energy Centre (ASEC) has called for urgent reforms in Ghana’s petroleum downstream sector following the indefinite suspension of Star Oil Limited’s membership from the Chamber of Oil Marketing Companies (COMAC).Star Oil, Ghana’s leading indigenous Oil Marketing Company (OMC), cited unfair representation and a failure to advocate for consumer-friendly policies, particularly the contentious...

Star Oil Limited has announced the suspension of its membership of the Chamber of Oil Marketing Companies (COMAC) with immediate effect, citing concerns over what it describes as unfair representation of its views within the Chamber. In a formal letter by the CEO of star oil Philip Tieku addressed to the Chief Executive of COMAC,...

More oil marketing companies (OMCs) are cutting pump prices in the second pricing window of January, deepening competition in the downstream petroleum sector .On January 19, 2026, Zen Petroleum announced new uniform prices across all its outlets, departing from the industry trend of selective discounts. Petrol is now selling at GH¢9.94 per litre, one of...

More oil marketing companies (OMCs) are cutting pump prices in the second pricing window of January, deepening competition in the downstream petroleum sector .On January 19, 2026, Zen Petroleum announced new uniform prices across all its outlets, departing from the industry trend of selective discounts. Petrol is now selling at GH¢9.94 per litre, one of...

The Chamber of Oil Marketing Companies (COMAC) has described the recent fuel price reductions across the country as expected, insisting that the developments are consistent with projections under Ghana’s deregulated petroleum pricing regime.Speaking on Joy News’ PM Express on Tuesday, COMAC’s Chief Executive Officer, Dr Riverson Oppong, said the price cuts currently being enjoyed by...

The Institute for Energy Security (IES) has rejected claims that the National Petroleum Authority’s (NPA) fuel price floor is preventing oil marketing companies from reducing pump prices, insisting the policy remains critical to fair competition and market stability. The response follows public comments by StarOil Ghana, which suggested petrol could be sold at GH¢9.50 per...

GOIL PLC has announced a significant reduction in fuel prices at 150 out of its 447 outlets nationwide, as part of a targeted pricing intervention aimed at easing transportation costs and ensuring that recent economic gains translate into tangible relief for ordinary Ghanaians. The price reduction applies to strategically selected GOIL stations located closer to...

The Chamber of Oil Marketing Companies (COMAC) has projected a second consecutive reduction in ex-pump prices of petroleum products in the second pricing window of January. According to COMAC, petrol prices are expected to fall by between 1.26% and 2.30%, diesel by 1.97% to 2.10%, while liquefied petroleum gas (LPG) could decline by 3.10% to...