Oil Marketing Companies (OMCs) have begun adjusting fuel prices downward following the opening of the second pricing window, pointing to heightened competition within Ghana’s downstream petroleum sector.
The price reductions are to offer some relief to motorists, although the cuts vary across outlets and companies.
State-owned GOIL is among the first to implement price adjustments, rolling out discounted prices at 150 selected stations nationwide, while maintaining standard prices at the rest of its outlets.
Under the discount arrangement, petrol is now selling at GH¢9.99 per litre at the selected stations, down from the regular GH¢10.99 per litre. Diesel XP has also been reduced to GH¢11.21 per litre from GH¢11.96 per litre.
However, prices for Super XP 95 remain unchanged at GH¢13.97 per litre, even at stations offering the discounts.
The new prices took effect from 6:00 a.m. on Friday, January 16, 2026.
Industry analysts say the selective price reductions reflect intensifying competition among OMCs, with expectations that more players may review pump prices as the pricing window progresses.
