More oil marketing companies (OMCs) are cutting pump prices in the second pricing window of January, deepening competition in the downstream petroleum sector .
On January 19, 2026, Zen Petroleum announced new uniform prices across all its outlets, departing from the industry trend of selective discounts. Petrol is now selling at GH¢9.94 per litre, one of the lowest on the market, while diesel is priced at GH¢11.21 per litre.
JP Oil has also reduced prices, with Petrol (SupremA) selling at GH¢9.89 per litre and Diesel (SupremO) at GH¢10.89 per litre. However, the company notes that some outlets nationwide will continue to sell at the general prices of GH¢9.99 for petrol and GH¢10.99 for diesel.
TotalEnergies has adjusted prices downward, retailing petrol at GH¢10.99 per litre and diesel at GH¢11.99 per litre.
Shell has similarly cut prices, with petrol now selling at GH¢10.99 per litre and diesel at GH¢11.99 per litre. Its premium V-Power product is selling at GH¢13.09 per litre.
PETROSOL is also reflecting the downward trend, selling petrol at GH¢10.98 per litre and diesel at GH¢11.98 per litre.
Industry players say the latest adjustments reflect efforts by OMCs to remain competitive as price wars intensify in the sector.
The latest round of reductions follows the opening of the second pricing window on January 16, after earlier projections by the Chamber of Oil Marketing Companies (COMAC) pointed to an across-the-board decline in fuel prices.
State-owned GOIL has rolled out discounted prices at 150 selected stations nationwide. Under the promotion, Super XP (Petrol) is selling at GH¢9.99 per litre, compared with the regular price of GH¢10.99 from the first pricing window of January.
Diesel XP is also being offered at a discounted GH¢11.21 per litre, compared with the regular price of GH¢11.96.
However, Super XP 95 remains unchanged at GH¢13.97 per litre, even at the discounted outlets.
Star Oil has also implemented price reductions across a number of its outlets. A litre of Super (Petrol) is now selling at GH¢9.97 at 175 stations nationwide, down from GH¢10.56 in the first pricing window, although some outlets continue to sell at the general price of GH¢10.56.
Diesel is selling at GH¢10.97 per litre, down from GH¢11.56, with selected outlets maintaining the previous price. RON 95 has also declined to GH¢12.54 per litre, from GH¢12.96 in the first pricing window.
The latest price cuts are being driven largely by the continued appreciation of the Ghana cedi against major trading currencies and sustained declines in international petroleum product prices.
