Star Oil is being victimised over fuel price floor stance – COPEC

The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has accused some industry players of unfairly targeting Star Oil, one of Ghana’s leading Oil Marketing Companies (OMCs), over its position on fuel pricing.

According to him, Star Oil is being victimised for advocating the removal of the fuel price floor, a policy the company believes prevents further reductions in petrol and diesel prices for consumers.

Speaking to Citi News, Amoah described the backlash against Star Oil as unjust and damaging to its corporate image.

He noted that the company’s position is neither new nor isolated, pointing out that COPEC raised similar concerns as far back as 2024, when the price floor policy was first introduced.

“In my view, Star Oil is being victimised for holding a position we clearly articulated from the very beginning of this price floor policy. The discussion around their position has not been fair to their brand,” Duncan Amoah said.

Star Oil pulls out of COMAC membership over price floor dispute.

His comments follow Star Oil Limited’s decision to suspend its membership of the Chamber of Oil Marketing Companies (COMAC) with immediate effect.

In a statement issued on Wednesday, January 21, the company expressed dissatisfaction with COMAC’s handling of the price floor debate, accusing the Chamber of failing to fairly represent or adequately explain its position during recent media engagements.

Star Oil argued that this lack of balanced communication has fuelled negative public perceptions, wrongly portraying its advocacy as anti-competitive or improper.

The company described such insinuations as unjust and harmful to its reputation, particularly given its long-standing contributions to Ghana’s downstream petroleum sector.

The decision has heightened tensions within the industry and raised concerns about cohesion among oil marketing companies.

Meanwhile, the Institute for Energy Security (IES) has cautioned that Star Oil’s withdrawal could weaken COMAC’s collective voice at a critical moment for the petroleum sector.

SA/MA