OMCs have started to lower fuel prices at the pumps in accordance with industry data

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Oil Marketing Companies (OMCs) have begun reducing fuel prices at the pumps in line with industry data projecting a drop of more than 4% per litre from October 16.

Market leader Star Oil is now selling a litre of petrol at GH¢12.77, down from the previous price of GH¢13.17 per litre.

Diesel has also been reduced from GH¢13.45 per litre on September 30, 2025, to GH¢12.97 on October 20, 2025.

The second major player in the industry, GOIL, has also announced a downward adjustment in prices, selling petrol at GH¢12.98 per litre from the old price of GH¢13.38.

Diesel is now selling at GH¢13.85, compared to the previous price of GH¢14.20.

Another OMC, Petrosol, on October 17, 2025, announced that it had reduced the price of petrol to GH¢13.48 per litre, while diesel is going for GH¢14.18.

Source: newsthemegh.com