OMCs commence fuel price reviews; Star Oil sells petrol at GH¢14.97, diesel kept at GH¢16.97
But some of the OMCs have told Joy Business that even though a decision has not been taken on prices that does not mean they will not review prices later in the day.
Fuel price reviews commenced today as several Oil Marketing Companies (OMCs) adjusted the cost of petroleum products at fuel station pumps across the country. Among the leading OMCs, Star Oil initiated a reduction in petrol prices, lowering the price from GH¢15.49 per litre to GH¢14.97, while diesel prices remained unchanged at GH¢16.97 per litre.
However, some OMCs disclosed to Joy Business that a final decision on price adjustments has not yet been made and may occur later in the day. Market leaders such as GOIL and Total Energies have not reported any price changes yet. Despite some OMCs maintaining current prices, there is a strong possibility that most will continue to price above the National Petroleum Authority's set Price Floor, which is GH¢13.92 for petrol and GH¢15.19 for diesel.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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