GOIL PLC has rolled out a targeted fuel price reduction strategy focused on easing pressure on public transport operators and food supply chains, rather than applying a blanket nationwide cut.
The initiative, which affects 150 out of the company’s 447 fuel stations, prioritises outlets located near major transport terminals and key transport corridors. These stations largely serve commercial drivers and vehicles responsible for moving passengers, farm produce and essential goods across the country.
At the selected outlets, petrol (PMS) is now selling at GH¢9.99 per litre—returning to single-digit pricing for the first time in nearly ten years—while diesel (AGO) has been reduced to GH¢11.21 per litre.
GOIL says the intervention is designed to create a ripple effect across the economy by lowering operational costs for transport operators and traders, which could translate into reduced transport fares and more affordable food prices in urban and peri-urban markets.
The company explained that the move reflects its broader responsibility as a national energy company to support economic recovery and ensure that improved macroeconomic conditions deliver real benefits to households and businesses.
According to GOIL, the pricing adjustment has been made possible by stabilising economic indicators, easing inflation and renewed confidence in the economy, conditions the company attributes to recent policy measures and overall economic management.
GOIL reaffirmed its commitment to using strategic pricing and efficient operations to support national development, while urging commercial drivers and the general public to patronise the designated stations and benefit from the reduced prices.
