Motorists have received a welcome New Year gift as several Oil Marketing Companies (OMCs) began implementing marginal reductions in ex-pump fuel prices at the commencement of the January pricing window.
The price cuts, which took effect in the early hours of the New Year, signify a continued downward trend in petroleum costs, offering much-needed breathing room for both commercial and private transport users.
Market leader Star Oil was among the first to adjust its digital displays, setting a competitive benchmark for the industry. The company’s latest price list reflects a significant dip in costs across its major products:
Petrol: Now selling at GH¢10.86 per litre. Diesel: Priced at GH¢11.96 per litre. RON 95: Positioned at GH$13.56 per litre.
Star Oil management noted that the decision to lower prices was a direct result of a “favourable domestic and external cost environment.”
