Ghana: GOIL Makes Major Reduction In Fuel Prices In Line With Affordability And National Vision

Ghana’s indigenous oil marketing company, GOIL PLC, has reduced the prices of its petroleum products with effect from Tuesday, January 6, 2026, reaffirming its commitment to providing high-quality petroleum products at prices that remain affordable to the Ghanaian public.

Under the new pricing regime, Regular Fuel (Super XP) is now selling at GH¢10.99 per litre, reflecting a reduction of GH¢1.00.

GOIL’s premium product, Super XP 95, has been reduced to GH¢13.97 per litre, down from GH¢14.95 in the previous pricing window.

Diesel XP has also recorded a reduction of 98 pesewas, now selling at GH¢11.96 per litre, compared to GH¢12.94 previously.

The price adjustments were contained in a statement issued by the company on Tuesday, January 6, 2026.

According to GOIL, the downward revision was driven by the appreciation of the Ghana cedi against major international currencies—particularly the US dollar—as well as a general decline in international prices of finished petroleum products.

Commenting on the development, the Group Chief Executive Officer and Managing Director of GOIL PLC, Mr. Edward Abambire Bawa, said the reductions go beyond market movements and reflect a deliberate corporate strategy to ensure that efficiency gains and favourable macroeconomic conditions are passed directly on to consumers.

“At GOIL, our strategy is not only to guarantee the consistent supply of high-quality petroleum products, but also to make them affordable to the average Ghanaian. This approach aligns fully with the vision of His Excellency President John Dramani Mahama, which places strong emphasis on easing the cost of living, strengthening domestic purchasing power, and ensuring that national institutions play their part in delivering tangible economic relief to citizens,” he said.

Mr. Bawa further emphasised that GOIL remains committed to operating as a nationally responsive energy company, balancing commercial sustainability with its broader responsibility to support economic stability and national development.

GOIL PLC expressed appreciation to customers and stakeholders for their continued trust and patronage, and reaffirmed its resolve to remain a reliable partner in Ghana’s energy value chain.