Also known as: the Chamber · Digital Chamber of Ghana · DCG · the Digital Chamber
Chamber of Oil Marketing Companies — industry body that forecasts petroleum product prices and coordinates member oil marketing company operations in Ghana.
… According to the latest industry pricing outlook from the Chamber of Oil Marketing Companies (COMAC), petrol, diesel and LPG are all expected to see price increases during the second pricing window in July. …
The Digital Chamber of Ghana has assured the public that Ghana’s digital payments ecosystem remains stable following the Bank of Ghana’s decision to revoke the Dedicated Electronic Money Issuer (DEMI) licence of Zeepay Ghana Ltd. …
The Chief Executive of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has revealed that prices of petroleum products will be reduced at the pumps from July 16, 2026. …
… Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, says the renewed uncertainty is making it increasingly difficult for fuel dealers to protect their revenues, especially when prices fall suddenly. …
… Industry Projections Data from the Chamber of Oil Marketing Companies (COMAC) indicates that petrol prices are projected to decline by between 1.94% and 9.31%, potentially bringing the pump price to around GH¢14.14 per litre. …
… Chief Executive of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, had earlier indicated that not all OMCs would immediately adjust their prices despite the favourable industry outlook. …
… The latest pricing outlook released by the Chamber of Oil Marketing Companies (COMAC) and sighted by Joy Business indicates that petrol, diesel and LPG will all record reductions during the second pricing window of June. …
… Industry Projection According to the Chamber of Oil Marketing Companies (COMAC), the price of petrol is expected to go up between 4.20% and 6.20 %. …
Ghana's petroleum tanker drivers union has suspended a sit-down strike after two days, giving government one month to fix deteriorating roads serving key petroleum depots, citing safety risks and dangerous conditions on critical routes including Tema to Kpone and depot enclaves in Takoradi and Buipe.
Ghana's petroleum tanker drivers union has suspended a sit-down strike after two days, giving government one month to fix deteriorating roads serving key petroleum depots, citing safety risks and dangerous conditions on critical routes including Tema to Kpone and depot enclaves in Takoradi and Buipe.
Market leader GOIL kept petrol at GH¢15.43 per litre and diesel at GH¢17.26 per litre unchanged for the latest pricing window, defying industry projections of an increase. The decision's rationale is unclear, though it may be influenced by competition or government efforts to prevent transport fare increases.
Star Oil held petrol at GH¢14.97 per litre but raised diesel from GH¢16.47 to GH¢16.97 per litre from Tuesday, September 1, 2026. The Chamber of Oil Marketing Companies attributed the adjustments to crude oil prices rising 1.75% to US$92.11 per barrel and finished petroleum product prices increasing internationally, despite the cedi appreciating 3.64% against the dollar.
The Chamber of Oil Marketing Companies forecasts petrol will increase 4.80% to GHC 16.39 per litre and diesel will rise 2.10% to GHC 17.60 per litre from September 1–16, 2026, driven by rising crude oil prices on the international market and higher refined petroleum product costs. LPG is expected to fall 0.93% to GHC 13.73 per kilogramme.
The Chamber of Oil Marketing Companies projects diesel prices will rise about 1.39 percent in August's second pricing window, while petrol and LPG are expected to fall by approximately 2.90 percent and 0.93 percent respectively, driven by international oil market developments and geopolitical tensions including US-Iran disputes.
Petrol prices are expected to fall by up to 2.90% to about GH¢15.82 per litre from August 17, while diesel prices are projected to rise by 1.39% to GH¢17.73 per litre, though the Chief Executive of the Chamber of Petroleum Consumers says most Oil Marketing Companies may keep prices unchanged at the pumps.
Petrol is expected to fall 2.90% to GH¢15.82 per litre, while diesel will rise 1.39% to GH¢17.73 per litre, and LPG will drop marginally by GH¢0.93 to GH¢16.21 per kilogramme. The mixed movement reflects average crude oil prices rising 2.02% to US$90.41/bbl, geopolitical risks around the Strait of Hormuz, and a recent cedi appreciation.
Vivo Energy Ghana held its 2026 Safety Day and Awards at an Accra Shell service station, reinforcing its commitment to Health, Safety, Security, Environment and Quality. The event, themed "Prepare to Respond," brought together employees, regulators, and industry leaders to address concerns around tanker accidents and fuel siphoning in the downstream sector.
The CEO of the Chamber of Oil Marketing Companies says Ghana's fuel market has entered an unusually volatile phase triggered by the US-Iran conflict, forcing oil marketing companies to change prices within pricing windows in ways rarely seen before. The government has introduced a ¢2-per-litre cushioning on diesel to ease the burden on consumers and businesses.
The Chief Executive of the Chamber of Oil Marketing Companies welcomed Ghana's GH¢2 per litre diesel subsidy as a timely intervention to shield consumers and operators from volatility in international crude oil prices, noting that the global petroleum market has caused sharp swings in fuel costs.
The Chamber of Oil Marketing Companies confirmed that member companies have begun implementing a GH¢2 per litre government subsidy on diesel, with prices adjusted from Monday evening. COMAC's CEO said the intervention would ease the burden on consumers and operators in the downstream petroleum sector.
Motorists and consumers will pay more for petroleum products from August 1 as rising global crude oil prices and cedi depreciation push up ex-pump prices. According to the Chamber of Oil Marketing Companies, petrol is projected to increase by 7.58%, diesel by 12.50%, and LPG by 4.13% for the August 1–15 pricing window.
The Chief Executive Officer of the Chamber of Oil Marketing Companies says recent fuel price increases reflect rising international crude and refined product prices, not increased margins by OMCs. OMCs pass on costs from Bulk Distribution Companies to consumers and cannot continue absorbing rising costs without affecting their businesses.
The Chamber of Oil Marketing Companies is calling on the government to remove taxes on liquefied petroleum gas, which currently account for 16 to 18 percent of retail price. The board chairman warned that geopolitical tensions are likely to trigger further price increases and argued that eliminating these taxes could boost LPG consumption by 20 to 25 percent.
The National Petroleum Authority's CEO called for closer collaboration among governments, regulators and private sector players to build a resilient energy sector, citing global geopolitical tensions, climate change and shifting energy markets. He reaffirmed the Authority's commitment to transparent regulation, fuel quality assurance and positioning Ghana as a competitive petroleum hub in West Africa.
The National Petroleum Authority's Chief Executive called for stronger collaboration among governments, regulators and private sector players to build a resilient and sustainable energy sector, saying global geopolitical tensions, climate change and changing energy markets require countries to adopt stronger partnerships to protect energy security while promoting economic growth.
Star Oil and GOIL have increased petrol prices to GH¢13.67 and GH¢13.88 per litre respectively, with diesel also rising significantly. The increases align with industry projections and price floors set by the National Petroleum Authority.
Some Oil Marketing Companies have begun raising petroleum product prices at the pumps, with Star Oil selling petrol at GH¢13.67 and diesel at GH¢16.27, and more OMCs expected to adjust prices in response to market developments driven by geopolitical tensions.
Zeepay Ghana Limited has announced it is working closely with the Bank of Ghana and relevant stakeholders following the revocation of its Dedicated Electronic Money Issuer licence on July 14, citing breaches of regulatory requirements including failure to maintain required cash backing for issued electronic money.
The Digital Chamber of Ghana has endorsed the Bank of Ghana's decision to revoke Zeepay Ghana Ltd's Dedicated Electronic Money Issuer licence, assuring the public that the regulatory action does not undermine stability of the country's digital payments ecosystem. The Chamber said it is working with the central bank to protect affected customers, agents and merchants while minimizing disruptions.
Oil marketing companies expect petrol to sell for about GH¢14.52 per litre and diesel for around GH¢16.00 per litre from July 16, 2026, driven by renewed geopolitical tensions pushing up international crude oil prices and a slight weakening of the cedi.
The Digital Chamber of Ghana has backed the Bank of Ghana's decision to revoke Zeepay Ghana Ltd's Dedicated Electronic Money Issuer licence, assuring the public that the country's digital payments ecosystem remains stable and pledging to work with the Central Bank to protect affected customers, agents and merchants.
Dr. Riverson Oppong, CEO of the Chamber of Oil Marketing Companies, says petroleum product prices will be reduced at pumps from July 16, 2026, based on international market developments and cedi stability over the past month.
Fresh tensions between the United States and Iran are shaking global oil markets and exposing Ghana's fuel industry to sharp price swings. The Chamber of Oil Marketing Companies CEO says falling prices pose particular challenges for fuel dealers managing their revenues amid geopolitical uncertainty.
Oil Marketing Companies have begun reducing fuel prices following industry projections and NPA price floor announcements. GOIL has cut petrol from GH¢13.87 to GH¢12.79 per litre and diesel from GH¢15.95 to GH¢15.35 per litre, with other major players expected to follow.
Oil Marketing Companies including GOIL and Zen Petroleum have reduced petrol and diesel prices in line with Ghana's bi-weekly fuel price review, following the National Petroleum Authority's announcement of lower price floors for the June 16–30 pricing window.
The Chief Executive Officer of the Chamber of Oil Marketing Companies says easing tensions between Iran and the United States could sustain recent declines in global crude oil prices and push them below $80 per barrel. Crude oil prices have dropped from about $110 to $97 per barrel this month, attributed to weaker Chinese imports, record-high US oil exports, and strategic petroleum reserve releases.
Petrol, diesel, and LPG prices are projected to drop significantly during the second pricing window of June, with petrol expected to fall by up to 9.31% to around GH¢14.72 per litre. The decline is attributed to falling global oil prices, though cedi depreciation has limited the extent of the cuts.
Some Oil Marketing Companies have begun increasing petroleum product prices from June 1, 2026, in line with the bi-weekly price review under the deregulation policy. Star Oil raised petrol to GH¢15.20 per litre, matching the National Petroleum Authority's price floor, while the Chamber of Oil Marketing Companies projects petrol could rise 4.20–6.20%.
The Chamber of Oil Marketing Companies projects petrol prices will increase by 4.2% to 6.2% and LPG by up to 2.24%, while diesel is expected to decline by 1.65% to 2%. COMAC attributed the mixed movements to international market developments and ongoing government-industry interventions on fuel pricing.