Star Oil, one of Ghana’s leading oil marketing companies, has already announced that they have increased its pricing across all its stations.
The announcement comes after COMAC projected that the March 16 pricing window will witness one of the highest increases in recent times.
Earlier, the Chamber of Oil Marketing Companies (COMAC) detailed that, based on the report, a litre of petrol is expected to increase by 16.93%, while diesel will go up by 17.21%.
“The report by the Chamber of Oil Marketing Companies revealed that the increase was influenced by the recent surge in global crude prices.
This was a result of escalating geopolitical tensions in the Middle East and disruptions to a key maritime oil transit route, the Strait of Hormuz, which has affected global supply and increased international petroleum prices.
International petroleum product prices also rose significantly. Diesel increased by up to 43%, followed by LPG at 23.96% and petrol at 19.41%. Oil prices, on the other hand, increased exponentially in mid-March 2026, from $71.41 to $86.55 per barrel”, COMAC is quoted by Joynews to have stated.
In a post on X Star Oil, Ghana stated, “Dear Starsavers,
Today, we commence uniform pricing across all our stations in accordance with the new industry pricing guidelines.
World market prices have been volatile, and while we have had to increase prices today, be assured that Star Oil remains committed to being the standard for providing quality fuels at all the most affordable prices.
As soon as we find some reprieve from the current world market situation, we will pass on any savings to you as usual.
Keep saving with Star Oil”.
Meanwhile, the Ghana Private Road Transport Union (GPRTU) has hinted at an increase in transport fares as fuel prices are expected to rise.
Reports suggest fuel prices will increase by some significant margin from today, March 16; Petrol up by 16.93%, and Diesel 17.21%.
According to the GPRTU, an upward adjustment in fuel prices in the next pricing window could compel them to increase transport fares to reflect operational costs.
Abass Imoro, the Industrial Relations Officer of the Ghana Private Road Transport Union, explained that transport operators are already feeling the pressure from rising operational costs.
Speaking on the Channel One Newsroom on Channel One TV on Sunday, March 15, 2026, he stated, “You know we work for profit, and for some time now prices have remained the same. Some of our people even went out of their way to increase their prices, but we were able to stop them. This indicates that they are looking for a change in the prices of fares”.
“We spoke about the prices of spare parts, lubricants and other things we use on our cars, but their prices have remained high. So these are the indicators we look at,” he explained.
“We do not immediately impose a new fare, but if the price of fuel changes and it is upwards, everybody should expect a change in lorry fare,” he said.
Also, Duncan Amoah, the Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has said the second fuel pricing window may trigger discussions about the possible removal of some taxes on fuel at the pumps.
According to Duncan Amoah, the government has hinted that it will review fuel taxes if pump prices exceed GH¢15.
COPEC Executive Secretary highlighted that the conversation about the taxes will kick in, particularly the GHȼ1 fuel levy.
He explained that the government is monitoring developments closely and may consider adjusting or removing certain fuel taxes to help reduce pressure on oil marketing companies (OMCs).
Speaking on Channel One Newsroom on Sunday, March 15, 2026, Duncan Amoah stated, “I am aware that the government was in some conversation with some petroleum service providers.
The threshold has been GHȼ15. So, if we wake up tomorrow and the OMCs are doing 15 and beyond, be assured that the conversation about the taxes will kick in, particularly the GHȼ1 fuel levy”.
The development follows the ongoing tensions in the Middle East, which have disrupted global fuel supply chains.
The escalating Middle East war has contributed to rising crude oil prices on the international market.
See the post below:
Dear Starsavers,
— StarOil Ghana (@staroilghana) March 16, 2026
Today, we commence uniform pricing across all our stations in accordance with the new industry pricing guidelines.
World market prices have been volatile and while we have had to increase prices today, be assured that Star Oil remains committed to being the… pic.twitter.com/9lMmItjVzJ