{"id":109506,"date":"2026-01-02T06:21:05","date_gmt":"2026-01-02T06:21:05","guid":{"rendered":"https:\/\/sotnews.agency\/?p=109506"},"modified":"2026-01-02T06:21:05","modified_gmt":"2026-01-02T06:21:05","slug":"some-omcs-reduce-fuel-prices-petrol-going-for-gh%c2%a210-86-diesel-gh%c2%a211-96","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=109506","title":{"rendered":"Some OMCs reduce fuel prices; petrol going for GH\u00a210.86, diesel GH\u00a211.96"},"content":{"rendered":"
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Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps, in line with industry projections from January 1, 2026.<\/p>\n

Market Leader Star Oil has taken the lead by reducing the price of a litre of petrol from GH\u00a211.35 to GH\u00a210.36.<\/p>\n

That of diesel has also dropped to GH\u00a211.96 per litre from GH\u00a212.45.<\/p>\n

However, some selected service stations across the country still sell below these prices announced by Star Oil, as part of its discounted pricing model.<\/p>\n

Other oil marketing giants also told Joy Business they will adjust prices at the pumps from January 2, 2026.<\/p>\n

There are currently more than 200 OMCs operating in the country. Most of them will be guided by adjustments made by some players in the industry.<\/p>\n

Some industry watchers have argued that if the cedi\u2019s current recovery is sustained, then consumers should be looking forward to more reductions at the pumps in the coming weeks.<\/p>\n

Reasons and Industry Projections<\/strong><\/p>\n

The Chamber of Oil Marketing Companies, in its outlook report for January 2025, projected that the price of petrol is expected to fall between 2.40% and 4.80%, bringing the pump price per litre to approximately GH\u00a211.90.<\/p>\n

Diesel is projected to decline by as much as 3.77%, which could see a litre selling at around GH\u00a212.50.<\/p>\n

Liquefied Petroleum Gas (LPG) is also expected to drop by about 2.19%, resulting in a kilogramme selling at approximately GH\u00a213.40.<\/p>\n

According to the Chamber of Oil Marketing Companies, the expected reduction has been influenced mainly by declining prices of crude oil and finished petroleum products on the international market.<\/p>\n

Market data shows that international refined product prices fell significantly during the period, with petrol down 9.17%, diesel down 8.11%, and LPG dropped by 3.82%.<\/p>\n

The cedi has also strengthened against the US dollar, appreciating by more than 3% over the past three weeks.<\/p>\n

For the January 1, 2026, pricing window, the local currency rose from GH\u00a211.14 to GH\u00a210.50 to the dollar, representing an 8.20% gain.<\/p>\n

This marks one of its strongest performances in recent months, and a sharp improvement from the GH\u00a214.84 recorded during the same period last year.<\/p>\n<\/div>\n

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\"SomeThe Chamber of Oil Marketing Companies, in its outlook report for January 2025, projected that the price of petrol is expected to fall between 2.40% and 4.80%, bringing the pump price per litre to approximately GH\u00a211.90.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12,5316,3379,158,1978,146,3380,10,9],"tags":[],"class_list":["post-109506","post","type-post","status-publish","format-standard","hentry","category-business","category-comac","category-diesel","category-energy","category-hp-business-1","category-lpg","category-petrol","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/109506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109506"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/109506\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}