Some OMCs begin fuel price cuts as GOIL, Star Oil adjust prices in line with NPA floor
Some Oil Marketing Companies (OMCs) have begun reducing fuel prices across the market. GOIL and Star Oil are now selling petrol at GH¢13.27 per litre, while diesel is going for GH¢16.10 per litre.
GOIL indicated in a social media post that the move was influenced by government's decision to remove selected margins to ease the burden on consumers, and that it had adjusted its prices to align with the National Petroleum Authority (NPA) price floor. Industry players told JoyBusiness that projections of rising prices did not fully account for government's decision to cut about GH¢2 on diesel through margins and approximately 36 pesewas on petrol. The NPA announced a new minimum price floor for petroleum products for the April 16, 2026 pricing window.
The move by GOIL and Star Oil is expected to influence pricing decisions among more than 200 OMCs across the country, as competitors seek to maintain their market share. The new pricing is expected to take effect from April 16, 2026. The NPA stated that all OMCs and LPG Marketing Companies are required to comply with the approved price floors for the period under review.
Quick Summary
Some Oil Marketing Companies (OMCs) in Ghana, including GOIL and Star Oil, have started reducing fuel prices. The move follows government interventions and an announcement by the National Petroleum Authority (NPA) - but will this ease the burden on consumers?
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