GOIL PLC has announced a significant reduction in fuel prices at 150 out of its 447 outlets nationwide.

This is part of a targeted pricing intervention aimed at easing transportation costs and ensuring that recent economic gains translate into tangible relief for ordinary Ghanaians.

The price reduction applies to strategically selected GOIL stations located closer to commercial vehicle terminals and major transport corridors across the country. These locations primarily serve public transport operators and vehicles involved in the movement of 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.

According to GOIL PLC, the intervention is designed to ensure that the benefits of improved macroeconomic conditions are passed on directly to commuters, transport operators, traders, and consumers. 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 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 in periods of economic recovery.

The Company further indicated that the pricing decision has been made possible by the improving economic fundamentals of the country, including greater macroeconomic stability, easing inflationary pressures, and enhanced confidence in the economy. These conditions have been underpinned by the sound economic leadership of President John Dramani Mahama, whose policies have contributed to stabilising the economy and creating 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, particularly commercial drivers and transport operators, to take advantage of the reduced prices at the designated GOIL stations, as it continues to deliver on its promise of providing Good Energy to power Ghana’s growth.