GOIL Pushes Petrol Back Into Single Digits as Ghana’s Price War Deepens

GOIL PLC cut pump prices again in January’s second pricing window, dragging petrol back into single-digit territory for the first time in four years and intensifying a year already defined by relentless price competition across Ghana’s downstream market.

Accra | January 16, 2026 - GOIL PLC pushed petrol prices back into single-digit territory this week, lowering pump prices to GH¢9.99 per litre at selected outlets in the second pricing window of January 2026. The adjustment marked the first return to single-digit pricing in four years, the last occurrence being Tuesday, May 17, 2022, when petrol sold for GH¢9.80 per litre and diesel for GH¢11.69.

The latest cut capped an assertive start to the year. Effective January 6, GOIL had reduced Super XP petrol to GH¢10.99 per litre and Diesel XP to GH¢11.96 per litre, each reflecting close to a one-cedi decline. While global oil prices eased and the cedi showed relative firmness, the scale and timing of the adjustments underscored a deliberate effort to pass cost savings directly to consumers at the pump.

By mid-January, GOIL deepened the strategy, extending sharper discounts to 150 stations across its 447-outlet national network. At those locations, petrol fell to GH¢9.99 per litre, while diesel dropped to GH¢11.21 per litre. For motorists and transport operators, the return to single-digit petrol prices carried both practical and symbolic weight, shaping daily transport decisions and household spending.

Alongside pricing, GOIL continued to expand its retail footprint. New service stations commissioned along the Goaso–Mim Road and at Sunyani Old Barrier in the Upper Middle Belt Zone formed part of an ongoing nationwide rollout aimed at improving access and convenience. The expansion complemented the pricing moves, ensuring that lower prices were matched by broader physical availability.

As January unfolded, GOIL’s approach stood out for its clarity and consistency. By combining decisive price reductions with steady network expansion, the indigenous major reinforced its positioning as a consumer-focused player in Ghana’s downstream market. With fuel costs easing at the pump, consumers are taking notice, one fill-up at a time.

Photo Credit: GOIL PLC