{
  "id": 35360,
  "title": "OMCs increase fuel prices; Star Oil sells petrol at GH¢14.53 and diesel GH¢18.77",
  "url": "https://urgent.news/2026/08/02/omcs-increase-fuel-prices-star-oil-sells-petrol-at-gh-14-53-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-02T08:05:34.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/omcs-increase-fuel-prices-star-oil-sells-petrol-at-gh%c2%a214-53-and-diesel-gh%c2%a218-77/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "The Oil Marketing Companies (OMCs) in Ghana have begun increasing fuel prices at the pumps, in line with the industry's bi-weekly fuel price review mechanism. Star Oil, a major market player, led the increase by raising petrol prices to GH¢14.53 from GH¢14.47, and diesel prices to GH¢18.77 from GH¢17.67. This move is a response to the sharp rise in global crude oil prices and higher prices for refined petroleum products, as well as the depreciation of the Ghana cedi against the US dollar.",
  "key_points": [
    "Star Oil raises petrol to GH¢14.53 and diesel to GH¢18.77",
    "Price increase aligns with bi-weekly fuel review mechanism",
    "Global crude oil price rise and cedi depreciation cited"
  ],
  "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."
}