Oil Marketing Companies (OMCs) have begun reducing fuel prices at the pumps as the second pricing window takes effect, signalling intensified competition in the downstream petroleum sector.
The price cuts are expected to bring some relief to motorists, although the reductions are not uniform across all outlets.
State-owned GOIL is among the companies that have adjusted prices, introducing discounts at 150 selected stations nationwide while maintaining regular prices across the rest of its network.
Under GOIL’s discounted arrangement, petrol is selling at GH¢9.99 per litre at the selected stations, down from the regular price of GH¢10.99 per litre. Diesel XP is also retailing at a reduced price of GH¢11.21 per litre, compared to the standard GH¢11.96 per litre. Prices for Super XP 95, however, remain unchanged at GH¢13.97 per litre, even at the discounted outlets.
The new prices took effect from 6:00 a.m. on Friday, January 16, 2026.
Industry observers say the selective reductions reflect growing competition among OMCs, with more companies expected to review their prices as the pricing window progresses.
