Some Oil Marketing Companies (OMCs) across Ghana have started reducing prices of petroleum products at the pumps, in line with earlier industry projections of a significant decline from November 1, 2025. Market leader Star Oil has adjusted its pump prices, selling a litre of petrol at GH¢11.59, down from GH¢12.77, while diesel now goes for...
Category: Fuel Price
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Tinubu approves 15% import duty on petrol, diesel
President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria.The initiative is aimed at protecting local refineries and stabilising the downstream market, but it is likely to raise pump prices.In a letter dated October 21, 2025, reported publicly on October 30, 2025, and...
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Fuel Prices Expected to Fall in October — CBOD Projects Relief for Consumers
The Chamber of Bulk Oil Distributors (CBOD) has projected a decline in fuel prices for the first pricing window of October 2025, citing a drop in international refined petroleum prices and a notable appreciation of the cedi against major trading currencies. In its latest market outlook report covering the period October 16–31, CBOD said the...
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Total petroleum consumption for half year hits 3.6bn litres, despite rising fuel prices
Total consumption of petroleum products for the first half of 2025 has surged to 3.6 billion litres, marking a 17.65% increase compared to 3.07 billion litres recorded in the same period in 2024. This is according to the 2025 Petroleum Analysis Report seen by JoyBusiness, which presents a detailed examination of Ghana’s petroleum supply and...
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Fuel Prices Likely to Rise Again, OMCs Warn
Consumers should brace for further hikes in fuel prices at the pumps in the coming weeks, the Chamber of Oil Marketing Companies (OMCs) has cautioned. Speaking on PM Express Business Edition, on Joy News the Chief Executive of the Chamber, Dr. Riverson Oppong, said the looming adjustments are being driven by sustained increases in international...
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Fuel Prices Up Again as OMCs Adjust Pump Rates
Accra: Fuel prices at the pumps have gone up again as more Oil Marketing Companies (OMCs) adjust their rates, effective Tuesday, September 30, 2025. The increases follow earlier projections of a hike from mid-September, driven mainly by exchange rate pressures. Market leader Star Oil announced on social media that petrol is now selling at GH¢13.17...
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Fuel prices rise with petrol now at GH¢13.38, diesel GH¢14.20
Some Oil Marketing Companies (OMCs) have begun adjusting prices at the pumps, with GOIL leading the way.A litre of petrol is now selling at GH¢13.38, up from GH¢12.99 on September 2, 2025. Diesel has also increased to GH¢14.20 per litre, from GH¢13.90. GOIL, the second-largest player in the industry, is the first to adjust prices...
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Infrastructure Gaps Driving Up Fuel Prices in Ghana’s Petroleum Sector
While exchange rate volatility and global oil prices often dominate discussions around fuel price hikes in Ghana, industry data reveals another critical factor — inadequate infrastructure in the downstream petroleum sector. According to market analysts, inefficiencies in petroleum product storage and discharge facilities are creating hidden costs that are eventually passed on to consumers at...
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The Ghana Fuel Price Trap: Why Oil-Rich Doesn’t Mean Cheap Fuel Prices
Yakubu Adam, Graduate Student (Energy and Environmental Policy, Joseph Biden Jr. School of Public Policy & Administration, University of Delaware) Every Ghanaian at a fuel pump in recent months has asked the same question: why is fuel so expensive in an oil-producing country? The frustration is palpable for drivers, business owners, and households. We are...
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COMAC Urges Government to Stabilise Cedi Amid Rising Fuel Price Concerns
The Chamber of Oil Marketing Companies (COMAC) has successfully hosted the 2025 edition of its annual Petroleum Fun Games (PetFun) at the Burma Camp Sports Complex in Accra. Held under the theme “Beyond the Pump: Energizing Wellness, Unity, and Team Spirit,” the event brought together players from across Ghana’s downstream petroleum sector, including Oil Marketing...