Business News of Wednesday, 21 January 2026Source: www.ghanaweb.comIndigenous Oil Marketing Company (OMC) Star Oil Limited has suspended its membership of the Chamber of Oil Marketing Companies (COMAC) with immediate effect, escalating tensions within Ghana’s downstream petroleum sector. 'We are disliked for fighting for customers' – Star Oil CEOStar Oil argued that the price floor distorts market signals, preventing international oil price and foreign exchange movements from reflecting in local pump prices. In Ghana’s fuel market, a price floor is the minimum ex-pump price set by the National Petroleum Authority. This regulation prevents Oil Marketing Companies from selling fuel below a certain threshold, and all companies are required to comply. While it shields against predatory pricing, critics such as Star Oil argue it reduces competition and keeps prices higher than they might otherwise be.

Source: GhanaWeb January 21, 2026 18:48 UTC