Some Oil Marketing Companies (OMCs) have started cutting fuel prices, with major players Ghana Oil Company (GOIL) and Star Oil leading the adjustment at the pumps.

Checks by JoyBusiness show that both firms are now selling petrol at GH¢13.27 per litre, while diesel is priced at GH¢16.10 per litre.

In a social media update, GOIL attributed the price reduction to government’s decision to remove certain margins as part of efforts to ease the cost burden on consumers. The company added that it has aligned its pricing with the new floor set by the National Petroleum Authority (NPA) to provide some relief to Ghanaians.

The decision by these dominant market players is expected to influence pricing across the sector, particularly among the more than 200 OMCs nationwide, as competitors adjust to remain competitive.

Earlier projections from the Chamber of Oil Marketing Companies had suggested a possible 2% increase in petrol prices, while diesel was expected to decline by about 3.8%. The Chamber had cited the weakening cedi and rising global crude oil prices as factors likely to limit any significant price reductions, even with government intervention.

However, industry sources told JoyBusiness that those forecasts did not fully reflect recent government measures, including a reduction of about GH¢2 on diesel through margin adjustments and approximately 36 pesewas on petrol. According to them, prices could have risen more sharply without these interventions, which took effect from April 16, 2026.

NPA Sets New Price Floor


On April 15, 2026, the NPA announced revised minimum price floors for petroleum products for the new pricing window.

Under the updated structure, petrol dropped slightly to GH¢13.27 per litre from GH¢13.30, representing a 3 pesewa reduction. Diesel saw a more substantial cut, falling from GH¢17.10 to GH¢16.10 per litre—one of the most significant decreases recorded in recent months.

Liquefied Petroleum Gas (LPG), however, moved in the opposite direction, inching up to GH¢10.79 per litre from GH¢10.71.

The NPA emphasised that, in line with the Petroleum Products Pricing Guidelines, all OMCs and LPG marketing companies are required to adhere to the approved price floors for the period under review.