Fuel could sell for GH¢9.50 without NPA price floor - Star Oil CEO hints

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Why punish consumers? 2 months ago

If Star Oil can sell fuel at GHS 9.50 per litre and make a profit, why should the govt punish the "long suffering" Ghanaian consumer for the inefficiency and/or greed of other OMCs through higher prices?

If Star Oil can sell fuel at GHS 9.50 per litre and make a profit, why should the govt punish the "long suffering" Ghanaian consumer for the inefficiency and/or greed of other OMCs through higher prices?
Joko 2 months ago

It’s not about Star Oil alone , a floor price is essential to sustain the industry. If OMCs are allowed to undercut each other by lowering prices , the biggest amongst them cld still make profit but the smaller ones cld be ...
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It’s not about Star Oil alone , a floor price is essential to sustain the industry. If OMCs are allowed to undercut each other by lowering prices , the biggest amongst them cld still make profit but the smaller ones cld be pushed out of market. This cld create a cartel later . Also it protects TOR , TOR is old and rickety and cannot refine at a lower cost , if they are forced to lower prices further they may incur huge losses.
Also importers wld not want to import because of less profitability. And this cld create shortages.
Government taxes are also percentages of the price , lower prices mean less revenue for the government .
We understand and appreciate StAR Oil but they shd let the markets be where it is .
Togbe Kporwomordzikpo KpornugloAvumako 2 months ago

Joko, Your argument is non-fa. You are making any sense.

Joko, Your argument is non-fa. You are making any sense.
Benji 2 months ago

What is the price floor though? If you can't sell at GHS 9.50, can't you sell at 9.51, or even 9.60?

What is the price floor though? If you can't sell at GHS 9.50, can't you sell at 9.51, or even 9.60?
Cole 2 months ago

What is the point of deregulation. Will we get price ceiling when prices shoot up? There are more than ten inc so reducing to 5 is not bad if we will get low fuel. This current mechanism stiffles innovation and cost cutting

What is the point of deregulation. Will we get price ceiling when prices shoot up? There are more than ten inc so reducing to 5 is not bad if we will get low fuel. This current mechanism stiffles innovation and cost cutting
DEEVINITY 2 months ago

@Joko, your logic is so flawed it beggars belief!! Read your epistle again and identify the glaring anomalies inherent, then we can have a proper conversation. Hahaha!!

@Joko, your logic is so flawed it beggars belief!! Read your epistle again and identify the glaring anomalies inherent, then we can have a proper conversation. Hahaha!!
Mr. Smith 2 months ago

Wondering what IMF and World Bank are thinking about this. Enemies of progress!!

Wondering what IMF and World Bank are thinking about this. Enemies of progress!!
FunnyGhana 2 months ago

Why should there be a price floor. What happened with competition and efficiency. The consumer is king and should be able to get the best possible pricing

Why should there be a price floor. What happened with competition and efficiency. The consumer is king and should be able to get the best possible pricing
ROGUE LAWYER 2 months ago

The price of fuel need to be reviewed only 2 times in a year after the government has able to stabilise the Cedi .
it is much prudent to peg the fuel at eg GHS 10 at the pump from January to June,
then review it from ...
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The price of fuel need to be reviewed only 2 times in a year after the government has able to stabilise the Cedi .
it is much prudent to peg the fuel at eg GHS 10 at the pump from January to June,
then review it from July to December . this alone could stabilise the prices in the country.
Drivers are not able to cutdown their fares due to uncertainty so to cure that ,
it is prudent to do the reviews only 2 times in a year. this would help the people in the country to at least use the 6months period to prepare for any adjustment.
if we are RESETTING the country , there are certain issues that has been a big player in inflation statistics those issues need to be addressed aggressively . fuel is one of the big players.
Agbeli Kumordziì 2 months ago

Had ir been Akuffo Addo in power America invaded Venezuela oil price will jumped by 36%
Thank God Akuffo Addo is gone and never again

Had ir been Akuffo Addo in power America invaded Venezuela oil price will jumped by 36%
Thank God Akuffo Addo is gone and never again

Quei 2 months ago

TRUMP IS FLOODING THE WORLD MARKET WITH CHEAP GAS AFTER TAKING OVER VENEZUELA OIL RESERVES SO IT FORCE PRICE ALL AROUND THE WORLD TO BE LOW GOVT OF GHANA SHOULD NOT TAKE ANY CREDIT HERE IT'S ALL THANKS TO TRUMP

TRUMP IS FLOODING THE WORLD MARKET WITH CHEAP GAS AFTER TAKING OVER VENEZUELA OIL RESERVES SO IT FORCE PRICE ALL AROUND THE WORLD TO BE LOW GOVT OF GHANA SHOULD NOT TAKE ANY CREDIT HERE IT'S ALL THANKS TO TRUMP
Joe T 2 months ago

Otan hunu. Ashewoo! You will find excuses tire. Fuel prices down, inflation down, unwarranted taxes gone, Cedi up in value and there is a certain type of Ghanaian who is still not happy. Final thought, multi-party democracy i ...
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Otan hunu. Ashewoo! You will find excuses tire. Fuel prices down, inflation down, unwarranted taxes gone, Cedi up in value and there is a certain type of Ghanaian who is still not happy. Final thought, multi-party democracy is not good for Africa because of the TRIBE.
DEEVINITY 2 months ago

Then the so-called "small companies" do not qualify to be in the market. What utter hogwash!!

Then the so-called "small companies" do not qualify to be in the market. What utter hogwash!!
Kwame 2 months ago

If smaller marketers can't compete, let them close shop.

If smaller marketers can't compete, let them close shop.
Ben 2 months ago

He can go ahead and sell at 9.51. It will still be above the price floor.

He can go ahead and sell at 9.51. It will still be above the price floor.
GYAU 2 months ago

WHY IS THE GOVERNMENT NOT PAYING COCOA FARMERS FOR COCOA PURCHASED SINCE NOVEMBER 2025. WE WARNED MAHAMA RANDY ABBEY WHO HAS ONLY MANAGED METRO TV DOES NOT HAVE THE EXPERIENCE TO MANAGE COCOBOD. ASK YOUR BROTHER IBRAHIM MAHAM ...
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WHY IS THE GOVERNMENT NOT PAYING COCOA FARMERS FOR COCOA PURCHASED SINCE NOVEMBER 2025. WE WARNED MAHAMA RANDY ABBEY WHO HAS ONLY MANAGED METRO TV DOES NOT HAVE THE EXPERIENCE TO MANAGE COCOBOD. ASK YOUR BROTHER IBRAHIM MAHAMA IF HE WOULD APPOINT SOMEONE LIKE RANDY ABBEY THE CEO OF DZATA CEMENT. COCOBOD IS A COMPLEX ORGANIZATION THAT NEEDS SOMEONE WITH THE EXPERIENCE AND INTELLIGENCE TO MANAGE BUT NOT SOMEONE LIKE RANDY ABBEY. WHY COULDNT HE GET TO MANAGE ANY SERIOUS BUSINESS BUT STAYED AT METRO TV FOR SUCH A LONG PERIOD. ARE YOU PUNISHING THE FARMERS BECAUSE THEY ARE NOT NORTHERNERS OR GAS. YOU SEE, MAHAMA AND RANDY DONT CARE ABOUT THE PAIN OF THE FARMERS BECAUSE THEY ARE NOT FROM COCOA GROWING AREAS. IF THE GOVERNMENT CANNOT PAY COCOA FARMERS, WHERE ARE THEY GOING TO GET MONEY TO RECRUIT NURSES AND TEACHERS. DO YOU SEE HOW YOU HAVE BEEN EXPOSED
AND YOU ERIC OPOKU, YOU COMING FROM A COCOA, WE THOUGHT YOU WOULD FEEL THE PAIN OF THE FARMERS. MAHAMA AND RANDY ABBEY THEY DONT CARE.

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Fuel could sell for GH¢9.50 without NPA price floor - Star Oil CEO hints

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