The battle for customers between GOIL and Star Oil is intensifying, but the rivalry has not stopped the two companies’ chief executives from maintaining a cordial relationship. …
The Chief Executive Officer of GOIL, Edward Bawa, has praised his counterpart at rival fuel marketing company Star Oil, Philip Kwame Tieku, describing their relationship as healthy despite the fierce competition between the two companies. …
GOIL is ready for a tough fight to retain its position in Ghana’s fuel market as competition from Star Oil intensifies, Chief Executive Officer Edward Bawa has said. …
… He cited Star Oil as having maintained its petrol price at GH¢14.97 per litre while increasing diesel from GH¢16.47 to GH¢16.97 per litre, adding that other OMCs were monitoring market developments before reviewing their prices. …
Some Oil Marketing Companies (OMCs) have begun reviewing fuel prices at the pumps from Tuesday, September 1, 2026, with Star Oil leading the latest adjustments. …
… Star Oil has taken the lead among the top oil marketing companies, as Joy Business checked the prices of petroleum products across some pump stations this morning. …
Motorists should brace for higher fuel prices as more Oil Marketing Companies (OMCs) are expected to adjust their pump prices from today, following another upward review by Star Oil amid rising international petroleum prices. …
… In a Facebook post on July 24, Star Oil Chief Executive Philip Tieku said international fuel prices had surged sharply since the current pricing window began. …
Star Oil has increased petrol to GH¢16.77 per litre (a 6% rise from GH¢15.17) and diesel to GH¢17.77 per litre (a 4.71% rise from GH¢16.97), citing higher international petroleum prices and cedi depreciation. Other oil marketing companies are expected to adjust prices this week, though some are monitoring competition first.
Star Oil has increased petrol to GH¢16.77 per litre (a 6% rise from GH¢15.17) and diesel to GH¢17.77 per litre (a 4.71% rise from GH¢16.97), citing higher international petroleum prices and cedi depreciation. Other oil marketing companies are expected to adjust prices this week, though some are monitoring competition first.
GOIL and Star Oil are engaged in an intense price war for market share, but their chief executives maintain a businesslike relationship conducted largely through social media. GOIL CEO Edward Bawa says the competition is strictly business and has never become personal, despite the aggressive fight for customers.
GOIL's Edward Bawa has praised his counterpart at rival fuel company Star Oil, Philip Kwame Tieku, describing their relationship as strictly businesslike despite the two companies competing aggressively on pump prices for market share. Bawa said there is no personal animosity between the executives, though they have never met physically and maintain contact through social media.
GOIL Chief Executive Edward Bawa says the company will not surrender market share to rival Star Oil as the two fuel retailers engage in aggressive price competition for customers in Ghana's downstream petroleum market. Mr Bawa described the competition as healthy and said both companies are pursuing strategies they believe will win customers.
Residents of Keta in the Volta Region have expressed mixed reactions to a fresh fuel price increase effective September 1, with many concerned about impacts on transport fares and cost of living. According to projections, petrol prices were expected to rise to about GH¢16.21–GH¢16.39 per litre, representing increases of 4.8–5 per cent, while commercial drivers await union directives on fare adjustments.
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.
Some Oil Marketing Companies have started reviewing fuel prices on August 17, 2026, with Star Oil reducing petrol from GH¢15.49 to GH¢14.97 per litre while keeping diesel unchanged at GH¢16.97. Other major OMCs like GOIL and Total Energies had not yet reviewed prices, though some may do so later in the day.
The Chamber of Petroleum Consumers has welcomed President Mahama's directive for government to absorb GH¢2 on every litre of diesel as a necessary intervention following sharp price rises, but cautioned that relying on short-term measures risks leaving the underlying fuel price problem unresolved.
Star Oil has raised petrol to GH¢15.57 per litre and diesel to GH¢18.97 per litre, following another price review driven by rising international petroleum prices. More Oil Marketing Companies are expected to adjust their pump prices as industry players cite persistent volatility in global crude oil and refined petroleum product prices.
Bulk Oil Distribution Companies have moved to spot pricing for petroleum products, meaning Oil Marketing Companies may adjust pump prices more frequently than the traditional fortnightly cycle, citing sharp increases in international fuel prices and exchange rate fluctuations.
Oil Marketing Companies have begun increasing fuel prices in line with the bi-weekly petroleum price review. Star Oil raised petrol to GH¢14.53 from GH¢14.47 and diesel to GH¢18.77 from GH¢17.67 on August 1, 2026, citing sharp increases in world market prices and cedi depreciation.
The National Petroleum Authority has released the price floor for August 1–15, 2026, with petrol increasing to GH¢14.53 per litre (up from GH¢13.28) and diesel rising to GH¢16.97 per litre (from GH¢14.35). LPG will sell at GH¢11.06, and the NPA has instructed petroleum marketers not to sell below these approved floors.
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.
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.
The CEO of Star Oil has advised motorists to postpone buying fuel unless absolutely necessary, warning that Monday's floods in Accra could allow water to seep into underground fuel storage tanks at filling stations and contaminate petroleum products.
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.
The Ghanaian Times reports that tonight's World Cup Soccer Fiesta episode will discuss the 1986 FIFA World Cup and Diego Maradona's performances, hosted by Moses Foh-Amoaning with reports from the USA and coverage of Black Stars preparations.
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%.
Dr. Daniel McKorley, CEO of McDan Group of Companies, made his commentary debut at the Hitz FM Rep Your Jersey 2026 Champions League final viewing party at Aviation Social Centre, where he also provided free drinks for attendees.
GOIL, once Ghana's market-leading fuel company, faced declining market share, product shortages due to supplier debt, annual financing costs of approximately GH¢130 million, deteriorating stations, and low staff morale. The company lacked an Audit Charter and Procurement Manual, creating governance gaps that risked inefficiency, weak controls, and corruption.
GOIL, once the market leader in fuel retail, faced declining competitiveness due to supplier indebtedness, high financing costs of approximately GH¢130 million annually, deteriorating station conditions, and weak governance including absent audit and procurement frameworks. The company has undertaken leadership, discipline, and operational renewal efforts to restore institutional credibility and operational capacity.
MOFA Productions' World Cup Soccer Fiesta 2026, a countdown series to the 2026 World Cup, will air on GTV Sports Plus tonight at 8:30pm, featuring analysis of the 1974 World Cup won by West Germany, with guest Coach Christopher Nimley discussing African teams' chances.
Oil marketing companies including Star Oil and Goil have reduced petrol and diesel prices in line with price floors announced by the National Petroleum Authority, with petrol set at GH¢13.25 per litre and diesel at a floor of GH¢14.30 per litre.
MOFA Productions' 'World Cup Soccer Fiesta', a 15-part sports documentary series featuring archival footage from World Cup tournaments from 1930 to 2026, airs today on GTV Sports+ with subsequent episodes on Wednesdays and Saturdays at 8:30pm. The show will cover legendary players and include fact segments, team updates, and a compilation of top 200 World Cup goals.
Following a previous overland journey from Accra to London, Wanderlust Ghana is planning another expedition by road from Accra to Toronto, Canada, to rally support for Ghana's Black Stars team at the 2026 FIFA World Cup, which will run from June 11 to July 19 across Canada, Mexico and the United States.