{
  "id": 11377031,
  "title": "Pump prices may stay unchanged as government holds TOR, Sentuo prices",
  "url": "https://urgent.news/2026/10/02/pump-prices-may-stay-unchanged-as-government-holds-tor-sentuo-prices",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T06:22:02.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/pump-prices-may-stay-unchanged-as-government-holds-tor-sentuo-prices/"
  },
  "original_language": "en",
  "account": "Fuel prices at the pumps are anticipated to remain the same for at least the next two weeks, following instructions from the government to two local refineries, the Tema Oil Refinery (TOR) and Sentuo Oil Refinery, to keep their current selling prices. This decision is expected to provide some respite to consumers amid rising fuel prices. It is also in addition to the government’s existing GH¢2 diesel subsidy. Dr. Riverson Oppong, the Chief Executive of the Chamber of Oil Marketing Companies (COMAC), stated that the refineries' decision to uphold their prices could deter an immediate hike at the pumps. He explained that the Supplier Reference Exchange Rate (SREF) is a crucial factor in determining pump prices. As the SREF remains unchanged, the S pump should also remain stable. Dr. Oppong further elaborated that fuel pricing in Ghana operates on a cost-reflective model, implying that any variations in the industry's cost structure directly affect pump prices. This includes factors like taxes, levies, and other costs, as well as OMCs' margins, which are determined separately. The government's recent move may therefore postpone the impact of escalating costs on consumers, at least temporarily. When questioned about the possibility of a change in pump prices by Saturday or Monday, Dr. Oppong noted that the industry would need to first evaluate the new directive. It means motorists can expect continued price stability as government and industry stakeholders assess the impact of these measures on the fuel pricing chain.",
  "summary": "Fuel prices at the pumps are expected to remain unchanged for at least the next two weeks following a government directive to two local refineries to maintain their existing selling prices.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}