Star Oil Cuts Fuel Prices to GH¢10.97 for Petrol and GH¢11.79 for Diesel

Fuel prices at the pumps are coming down as more Oil Marketing Companies (OMCs) implement reductions, fulfilling promises made earlier this week.

Market leader, Star Oil, has initiated price cuts across its petroleum products at select stations nationwide. Petrol has been reduced from GH¢11.97 (as of November 18, 2025) to GH¢10.97 per litre, while diesel now sells for GH¢11.79, down from GH¢12.74.

However, the reductions aren’t uniform across all Star Oil outlets. Some stations are currently selling petrol at GH¢11.35 and diesel at GH¢12.45 per litre as part of a discounted pricing scheme.

GOIL, another major player, also adjusted its prices on December 19, 2025, with petrol now at GH¢11.99 a litre and diesel at GH¢12.94.

Vivo Energy Ghana (Shell) was among the first to react, lowering prices on December 18, 2025. Petrol decreased from GH¢12.69 to GH¢12.50 per litre, and diesel from GH¢13.22 to GH¢12.99.

Petrosol has also joined the trend, offering both petrol and diesel at GH¢12.48 per litre.

JOYBUSINESS sources indicate that several other OMCs are expected to announce further price reductions before the end of today. Some are also considering another review in the new pricing window starting January 1, 2026, depending on market conditions.

Further Declines Expected

The Chamber of Oil Marketing Companies projects that fuel prices could fall by up to 4% per litre in the next pricing window. Petrol prices are anticipated to decrease by 1.64% to 3.89%, potentially reaching GH¢12.90 per litre. Diesel could see a reduction of up to 4.59%, selling at approximately GH¢13.20 a litre.

LPG prices are also expected to decline, by up to 2.16%, bringing the price to around GH¢14 per kilogram.

According to the Chamber, the projected price cuts are primarily due to declining international prices of finished petroleum products. While crude oil prices saw a slight increase, the overall market experienced an oversupply, leading to reductions in petrol (6.5%), diesel (11.67%), and LPG (0.22%).

The Chamber also noted that the cedi’s slight depreciation – moving from GH¢11.14 to GH¢11.43 against the US dollar – and seasonal pressures related to the festive period are contributing factors. However, they emphasized that limited foreign exchange support hindered further cedi appreciation.

“Government may need to do more to firmly stabilise the cedi to ensure that the recent fuel price reductions are sustained,” a market analyst told JOYBUSINESS.

Image Source: MYJOYONLINE