Star Oil Slashes Fuel Prices to NPA Price Floor as Government Rolls Out Temporary Diesel Relief
Thousands of motorists, transport operators and businesses across Ghana are set to enjoy some financial relief after Star Oil announced a significant reduction in its fuel prices, aligning its ex-pump prices with the National Petroleum Authority’s (NPA) approved price floor for the first pricing window of August.
The latest price adjustment marks Star Oil’s third revision since the commencement of the August pricing window, reinforcing the company’s commitment to passing on available cost reductions to consumers amid the country’s volatile fuel market.
Under the new pricing structure, petrol at all Star Oil service stations is now selling at GH¢14.53 per litre, a notable reduction from GH¢15.57 charged earlier on Monday. Diesel has seen an even more substantial decrease, dropping from GH¢18.97 to GH¢16.97 per litre, bringing it in line with the NPA’s minimum approved price for the current pricing window.
Read alsoFuel Prices Set to Fall as NPA Slashes Petrol, Diesel and LPG Price Floors for July
The reduction in diesel prices follows the Government of Ghana’s decision to introduce a temporary GH¢2.00 per litre reduction in the regulatory margin on diesel. The intervention, which takes effect on Tuesday, August 4, 2026, is expected to remain in force for one month and is designed to cushion consumers against the recent surge in fuel prices.
Government officials say the temporary measure is aimed at easing the financial burden on households, commercial drivers, industries and businesses that rely heavily on diesel-powered vehicles and equipment. Authorities also hope the intervention will help prevent further increases in commercial transport fares while easing inflationary pressures that continue to affect the cost of living.
Unlike diesel, petrol will not benefit from the temporary regulatory margin reduction. As a result, petrol prices will continue to be determined by prevailing market conditions, including international crude oil prices, exchange rate movements and import costs.
The government’s intervention comes at a time when global crude oil prices remain elevated while the Ghana cedi continues to face renewed depreciation pressures against major foreign currencies. These factors have significantly increased the cost of importing refined petroleum products, forcing Oil Marketing Companies (OMCs) to adjust their pump prices upward in recent weeks.
Industry observers expect several other OMCs to announce reductions in diesel prices from Tuesday as the government’s temporary relief package takes effect. The anticipated adjustments are expected to narrow the gap between current market prices and the NPA’s approved price floor, providing immediate relief to consumers who have struggled with soaring fuel costs since the beginning of August.
Prior to the intervention, diesel prices had climbed close to GH¢20 per litre at some filling stations, while petrol prices had exceeded GH¢15 per litre at several outlets across the country.
Current prices among some major OMCs remain significantly higher than Star Oil’s revised rates. At GOIL service stations, petrol is selling at GH¢15.99 per litre, diesel at GH¢19.26 per litre, while Super XP 95 is priced at GH¢17.30 per litre. Shell outlets continue to retail petrol at GH¢16.29 per litre and diesel at GH¢19.49 per litre. TotalEnergies is also maintaining petrol at GH¢16.29 per litre, with diesel selling at GH¢19.49 per litre.
For consumers, Star Oil’s latest price adjustment represents immediate savings, particularly for diesel users who have borne the brunt of rising fuel costs over the past several weeks. However, analysts caution that the relief remains temporary, lasting only one month and applying exclusively to diesel. Beyond the intervention period, future fuel prices will continue to depend on developments in the global oil market, exchange rate fluctuations and domestic pricing policies.
As more Oil Marketing Companies prepare to review their pricing structures, consumers across the country will be watching closely in anticipation of further reductions that could provide additional relief during a period of persistent economic pressures.
