The Chamber of Petroleum Consumers Ghana (COPEC) has called on commercial transport operators and ride-hailing services to “immediately review and reduce transport fares” following notable reductions in fuel prices at the pumps across the country.
In a press statement issued on January 6, 2026, COPEC welcomed the downward adjustments in pump prices by several Oil Marketing Companies (OMCs), noting that the reductions “align with recent trends in international refined product prices, relative exchange rate stability, and intensified competition within Ghana’s deregulated downstream petroleum sector.”
According to COPEC’s analysis, petrol (Super) is currently selling at GH¢10.56 per litre at Star Oil, GH¢10.99 at GOIL, and GH¢11.68 at TotalEnergies, reflecting a price difference of up to 10.6 percent across the market. Diesel prices range between GH¢11.56 and GH¢12.38 per litre, while premium petrol (RON 95) sells between GH¢12.96 and approximately GH¢13.98, depending on the OMC.
A year-on-year comparison further shows that consumers are enjoying substantial savings, with petrol and diesel prices declining by between GH¢3 and GH¢4 per litre compared to the first pricing window in January 2025. COPEC said these reductions are “essential to alleviating financial pressures on households, transport operators, and businesses.”
While commending OMCs that have already adjusted their prices, the chamber urged those yet to do so to act without delay.
“OMCs that have not reviewed prices within the current window must do so promptly to ensure pump prices reflect prevailing market conditions and serve the broader interest of consumers,” the statement stressed.
Crucially, COPEC stressed that transport operators must not delay in passing on the benefits of lower fuel prices to commuters, insisting that commuters must benefit from the current price relief.
“Consumers must not be denied the benefit of price reductions when international and local market conditions become favourable,” the chamber stated, specifically urging commercial transport operators and ride-hailing platforms such as Bolt, Uber, and Yango to reduce fares in line with the lower ex-pump prices.
COPEC assured the public that it will continue to closely track fuel price movements across the country and intensify engagements with Oil Marketing Companies, transport unions, and regulatory bodies to ensure that reductions at the pumps translate into real and timely relief for consumers.
