
Audio By Carbonatix
Former Minister of Power, Dr Kwabena Donkor, has criticised recent fuel price discounts offered by some oil marketing companies (OMCs), warning that the practice violates Ghana’s Uniform Petroleum Pricing Plan.
Speaking on Joy FM’s Super Morning Show on Tuesday, January 20, Dr Donkor argued that discounts applied at selected fuel stations contravene the law, which requires uniform pricing across an OMC’s entire network.
“What some OMCs are doing breaks the law, and there is a law on uniform petroleum pricing, and under that law, you must sell at the same prices across your networks. If you decide to discount, you should discount across the whole network. You cannot discount on selected filling stations,” he said.
He cautioned that selective price reductions could have adverse long-term consequences for consumers.
“When you do that, you create a situation where certainly one or two OMCs become so dominant that whenever they decide to change their prices, it will impact negatively on the consumer,” he explained.
Dr Donkor noted that such practices not only undermine regulatory guidelines but also risk distorting the market, to the disadvantage of operators who strictly comply with the uniform pricing regime.
His comments follow recent price reductions by the state-owned GOIL and private operator Star Oil at selected outlets, a development that has attracted public scrutiny.
Meanwhile, the Chamber of Oil Marketing Companies (COMAC) is expected to hold an emergency meeting on Wednesday, January 21, 2026, to agree on a common position regarding the Petroleum Price Floor Programme.
Read also: Dr Kwabena Donkor opposes fuel floor price at selected locations, calls for nationwide compliance
Read also: COMAC to hold emergency meeting on January 21 over fuel price floor policy
Latest Stories
-
Edmond Boateng takes up secretary role at Honorary Consular Corps of Ghana
9 minutes -
Gambia appoints British barrister to prosecute gruesome Jammeh-era crimes
25 minutes -
Girl group Flo on entering into their ‘bombastic, confident, strong’ era
36 minutes -
Germany suspends military approval for long stays abroad for men under 45
52 minutes -
Liverpool face uphill Champions League task after PSG thrashing in Paris
52 minutes -
‘Ketamine Queen’ sentenced to 15 years in Matthew Perry overdose death
1 hour -
Nigeria begins mass trial of 500 terrorism suspects
1 hour -
Atletico Madrid stun 10-man Barcelona to seize Champions League semi-final advantage
2 hours -
Black Stars coach to be announced by next week – Sports Minister
2 hours -
Chiefs, queen mothers and principal elders of Odau group denounce ‘rebellious Etweresohene’, pledges allegiance to Okyenhene
2 hours -
KNUST library dress code sparks online backlash over strict rules
2 hours -
Cultural Diplomacy in Action: Ghanaian youth leaders present symbolic smock to U.S. Chargé d’Affaires
2 hours -
Ghana Card payment activation under review – NIA breaks silence on financial integration
2 hours -
Ofori-Atta’s ICE release on bail positive; he poses no risk – Amanda Clinton
2 hours -
Ken Ofori-Atta’s passport seized after bail, set to reappear in US Court on April 27
3 hours