GOIL PLC has announced a significant reduction in fuel prices at 150 out of its 447 outlets nationwide as part of a targeted intervention to ease transportation costs and ensure that recent economic gains translate into real relief for ordinary Ghanaians.
The price cuts apply to strategically selected GOIL stations located near major commercial vehicle terminals and key transport corridors across the country. These outlets primarily serve public transport operators and vehicles involved in moving food and goods from farm gates to urban and peri-urban markets.
Under the current pricing window, the price of Petrol (PMS) has been reduced to GH¢9.99 per litre, marking the first time in nearly a decade that petrol prices have returned to single-digit levels. Diesel (AGO) has also been reduced to GH¢11.21 per litre at the selected stations.
GOIL PLC said the intervention is aimed at ensuring that the benefits of improving macroeconomic conditions are passed directly to commuters, transport operators, traders and consumers.
The company explained that lower fuel prices at these high-impact locations are expected to help reduce transport fares, lower the cost of moving food items from farms to markets, and ultimately help moderate food prices in towns and cities.
GOIL noted that the initiative aligns with its role as a national energy company, with a responsibility not only to remain competitive but also to support broader socio-economic objectives, particularly during periods of economic recovery.
According to the company, the pricing decision has been made possible by improving economic fundamentals, including greater macroeconomic stability, easing inflationary pressures, and growing confidence in the economy.
These gains, GOIL said, have been underpinned by the economic policies of President John Dramani Mahama, which have helped stabilise the economy and created room for businesses to pass on cost savings to consumers.
GOIL PLC reaffirmed its commitment to supporting national development through responsible pricing, efficient operations and strategic interventions that positively impact the daily lives of Ghanaians.
The company encouraged the public—especially commercial drivers and transport operators—to take advantage of the reduced prices at the designated stations as it continues to deliver on its promise of providing Good Energy to power Ghana’s growth.
Source: joynews
