Category: Fuel Price

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...

The price of premix fuel recorded a significant 16 per cent reduction effective 1 January 2026, compared with the previous price review conducted on 1 October 2025. The reduction brings welcome relief to end users, particularly fisher folk, who depend heavily on the subsidized product for their operations.On a year-on-year basis, the price is said...

GOIL PLC has announced a reduction in the prices of its petroleum products, effective Tuesday, January 6, 2026, in a move the company says underscores its commitment to providing quality fuel at affordable prices to Ghanaians. Under the new pricing regime, Regular Fuel (Super XP) is selling at GH¢10.99 per litre, representing a reduction of...

The federal government has written off the bulk of legacy debts owed by the Nigerian National Petroleum Company Ltd. (NNPCL) to the federation account, wiping out about $1.42 billion and N5.57 trillion following a reconciliation exercise approved by President Bola Tinubu. The decision, contained in a regulatory document prepared by the Nigerian Upstream Petroleum Regulatory...

Despite significant drop in fuel prices, Ghana ends the year placing 23rd on the African continent. According to GlobalPetrolPrices.com, gasoline or petrol sold at US$1.297 per litre as of 15th December, 2025. On the other hand, gas oil or diesel is going for US$1.145 per litre. Central African Republic ($1.883) was ranked 1st in Africa...

Dangote Refinery has emerged as the hub of fuel distribution in Nigeria, following bold strategic adjustments aimed at making energy more affordable and accessible. The refinery recently announced a significant reduction in the pump price of Premium Motor Spirit (PMS) to ₦699 per litre, alongside a drastic cut in the minimum purchase requirement from 2...

Prices of petroleum products are expected to decline marginally at the pumps from today, December 16.The projection is contained in the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides pricing decisions by oil marketing companies. Projected Reduction The price of petrol is expected to fall by between 1.64% and 3.89%,...