Star Oil has reduced its petrol price by GH¢0.07 per litre but increased diesel by GH¢0.50 as fuel retailers begin implementing new prices for the first half of November.
The company cut petrol from GH¢16.45 to GH¢16.38 per litre over the weekend, while diesel moved from GH¢17.95 to GH¢18.45.
Other major Oil Marketing Companies (OMCs) are expected to announce their new prices later today or during the week, according to information shared with JoyBusiness.
The adjustments come against a mixed pricing outlook released by the Chamber of Oil Marketing Companies (COMAC).
For the November 1–15 window, the chamber expects petrol prices to fall by as much as 3.35%, while diesel and liquefied petroleum gas (LPG) could increase by 1.50% and 0.81%, respectively.
The difference in the projected movements reflects trends in the international market. Although crude oil prices declined by 1.90% during the review period, international petrol prices dropped by 4.97%, while diesel rose by 3.54%. LPG recorded a sharper increase of 21.33%.
COMAC said the appreciation of the cedi and government–industry measures were expected to limit the impact of rising product prices, particularly for diesel consumers.
The local currency gained 0.70% against the dollar, trading at an average of GH¢11.7326 between October 12 and October 27.
The chamber attributed some of the improvement to foreign exchange interventions by the Ghana Gold Board and a planned $1.5 billion injection to support the cedi ahead of the festive season.
To cushion diesel consumers, adjustments to the Energy Sector Shortfall and Debt Repayment Levy and selected statutory margins will remain in effect for one month.
COMAC said the intervention's value had not changed, preserving the government–industry cost-sharing arrangement introduced on April 16, 2026, to moderate diesel price increases.
Meanwhile, JoyBusiness estimates put indicative prices at GH¢17.02 per litre for petrol and GH¢18.99 per litre for diesel, although pump prices will differ among retailers.
