Fuel Prices Rise as OMCs Commence Adjustments: Petrol Hits ¢9.99, Diesel ¢10.95

Some Oil Marketing Companies (OMCs) in Ghana have begun adjusting fuel prices at the pumps, effective February 1, 2026. The price increases are in line with industry projections of a 2-5% rise in petroleum product prices.

Market leader Star Oil has adjusted its petrol price to ¢9.99 per litre, up from ¢9.97, while maintaining diesel at ¢10.95 per litre. Other major players, including Zen Petroleum and Goil, have also revised their prices. Zen Petroleum now sells petrol at ¢9.99 per litre and diesel at ¢11.44 per litre, while Goil's petrol price is ¢9.99 per litre and diesel at ¢11.90 per litre.

Reasons for Price Increase include the depreciation of the Ghanaian cedi against the US dollar which saw 0.77% in January 2026, and the rising of international crude oil price- crude oil surged from $64 to $70 per barrel.

The Chamber of Oil Marketing Companies (COMAC) notes that the price increases are driven by these factors, but has received assurances from the Bank of Ghana on maintaining price stability.

New Pricing Thresholds:

- Petrol: ¢9.99 per litre (up from ¢9.80)

- Diesel: ¢10.95 per litre (up from ¢10.47)

- LPG: ¢9.05 per kilogram

The National Petroleum Authority (NPA) has directed OMCs to adhere to these price floors to prevent undercutting and promote market stability. Several major players have adjusted their prices to comply.

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