Ghana’s oil marketing companies (OMCs) entered the second pricing window of April with sharply divergent pricing strategies, as government intervention measures helped soften what industry projections had earlier signaled would be a more inflationary cycle for fuel consumers.
Data from the April 16–30 pricing window shows petrol averaging around ₵13.17 per litre, with significant variation across the 22 oil marketing companies operating at the retail level. Diesel averages about ₵15.60 per litre, reflecting a wide spread in pricing structures across the market.
The pricing window, which began on April 15 with new directives from the National Petroleum Authority (NPA), was expected to reflect upward pressure from global crude oil movements and a weaker cedi. However, actual outcomes have been more mixed following targeted government interventions.
Earlier in the week, the Chamber of Oil Marketing Companies (COMAC) had projected that petrol prices would rise by nearly 2% per litre, while diesel was expected to fall by about 3.8%.
The Chamber had argued that the depreciation of the cedi and rising global crude oil prices meant government’s intervention would not lead to significant reductions at the pumps.
According to the National Petroleum Authority (NPA), petrol prices were effectively reduced marginally to ₵13.27 per litre from ₵13.30, while diesel saw a sharper cut of ₵1.00 per litre, falling to ₵16.10. Liquefied Petroleum Gas (LPG) edged higher to ₵10.79 per kilogram.
The regulator described the move as part of its price floor framework under the Petroleum Products Pricing Guidelines, requiring oil marketing companies and LPG marketers to comply with approved minimum pricing for the period.
Though not all oil marketing companies have fully adjusted their pump prices in line with the new pricing window, here is a look at retail fuel prices as of April 17, reflecting the early impact of the government’s intervention measures.
At the upper end of the distribution, TotalEnergies is selling petrol at ₵14.49, followed closely by Shell at ₵14.19, while Top Oil and So Energy are both pricing at ₵13.95.
Moari is selling petrol at ₵13.75, while Puma Energy and Zen are pricing at ₵13.60 and ₵13.57 respectively. Allied is at ₵13.50, with ICON, Frimps and Benab all clustered at ₵13.30.
Goil and StarOil are both priced at ₵13.27, aligning closely with the regulatory adjustment level, while MISA Energy is at ₵12.99.
Further down the distribution, Pacific is selling petrol at ₵12.79, while JP is at ₵12.57. Petrosol and Unicorn are pricing at ₵11.98 and ₵11.95 respectively, with Bloom at ₵11.89 and Frontier at ₵11.75. Viggo is at ₵11.50, while IBM is pricing petrol at ₵10.56, the lowest in the dataset.
Diesel pricing shows a similar but more compressed structure, with TotalEnergies and Shell at ₵18.50 and ₵17.69 respectively, while Goil and StarOil are aligned at ₵16.10. Lower-tier pricing includes Petrosol at ₵12.98, Unicorn at ₵12.89, Bloom at ₵12.69, Frontier at ₵11.90, Viggo at ₵12.85, and IBM at ₵11.76.
Ghana Fuel Prices (April 17)
| Name | Petrol (₵) | Diesel (₵) | Premium (₵) |
| TotalEnergies | 14.49 | 18.50 | 15.79 |
| Shell | 14.19 | 17.69 | 15.79 |
| Top Oil | 13.95 | 17.10 | – |
| So Energy | 13.95 | 17.70 | – |
| Moari | 13.75 | 17.85 | 15.00 |
| Puma Energy | 13.60 | 16.30 | – |
| Zen | 13.57 | 17.97 | – |
| Allied | 13.50 | 17.50 | – |
| ICON | 13.30 | 17.35 | – |
| Frimps | 13.30 | 17.10 | – |
| Benab | 13.30 | 17.10 | – |
| Goil | 13.27 | 16.10 | 15.77 |
| StarOil | 13.27 | 16.10 | 14.67 |
| MISA Energy | 12.99 | 16.89 | – |
| Pacific | 12.79 | 15.98 | – |
| JP | 12.57 | 15.87 | 13.57 |
| Petrosol | 11.98 | 12.98 | – |
| Unicorn | 11.95 | 12.89 | – |
| Bloom | 11.89 | 12.69 | – |
| Frontier | 11.75 | 11.90 | – |
| Viggo | 11.50 | 12.85 | – |
| IBM | 10.56 | 11.76 | – |
The divergence highlights an increasingly fragmented pricing environment, where policy intervention, global crude movements and company-level margin strategies are interacting in real time.
The second April pricing window, which officially took effect from April 16, is now being closely watched to determine whether government intervention has merely delayed price transmission or effectively dampened what could have been a sharper upward adjustment in retail fuel prices.
For now, the data suggests a market in transition, caught between global supply pressures, currency weakness and active regulatory smoothing by authorities seeking to limit pump price volatility.
