Skip to main content

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.


Labels:

Comments

Post a Comment

Popular posts from this blog

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...
Post a Comment
Read more

Mfantsiman Girls to Host 65th Speech & Prize-Giving Day

  Mfantsiman Girls Senior High School is set to host the 65th Speech and Prize-giving Day and Homecoming from 14th to 16th March at Saltpond in the Central region. This year’s Speech and Prize-giving day is being hosted by the 2000-year group, and over 5000 old girls and students of Mfantsiman Girls are expected to attend the programme. Under the theme, ‘Leveraging New Media Technology to Optimize Girl Child Education,’ the event will emphasize the importance of harnessing technology to address the unique challenges faced by girls in accessing quality education, particularly in marginalized communities. By leveraging new media technology, we can create inclusive, interactive, and engaging learning environments that empower girls to reach their full potential. The theme will also serve as a call to action, encouraging students, educators, and stakeholders to explore innovative ways to integrate technology into girl child education, ultimately driving positive change and promoting a...
Post a Comment
Read more

E&P takes over Black Volta and Sankofa Gold projects after years of delay

 Indigenous mining firm Engineers & Planners (E&P) has acquired Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd, taking full control of the long-stalled Black Volta and Sankofa gold concessions in the Upper West Region. The transaction, registered with the Registrar of Companies and approved by the Minerals Commission, ends nearly two decades of under-investment, legal disputes, and capital shortfalls that kept the concessions dormant. With global gold prices trading above $3,000 per ounce, the move comes at a time when Ghana is seeking fresh mining revenue to support its IMF-backed fiscal consolidation programme. E&P announced that it has secured funding to begin mine development and has committed to repaying verified debts associated with the projects. Ghana travel guide The company outlined a structured plan that includes: Working with the Ghana Revenue Authority (GRA) to audit and confirm loans previously recorded as project investments. Repaying genuine d...
Post a Comment
Read more