OMCs increase fuel prices; Star Oil sells petrol at GH¢14.53 and diesel GH¢18.77
Some Oil Marketing Companies (OMCs) have begun increasing fuel prices at the pumps, in line with industry projections.
Some major fuel retailers, including Star Oil, have recently raised fuel prices at the pumps in Ghana. Star Oil, a leading player, raised petrol prices to GH¢14.53 from GH¢14.47 and diesel prices to GH¢18.77 from GH¢17.67. This increase aligns with the industry's bi-weekly fuel price review mechanism under the petroleum price deregulation policy.
Since July 15, 2026, Star Oil has conducted three price reviews. The price hike is attributed to a 20% rise in gasoline prices and a 25% increase in diesel prices globally, according to Star Oil's CEO Philip Tieku. Higher international crude oil prices and depreciation of the Ghanaian cedi against the US dollar are also contributing factors.
Other OMCs are expected to follow Star Oil's lead, with prices potentially reaching GH¢15.23 for petrol and GH¢17.45 or more for diesel.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
