The Chief Executive Officer and Managing Director of GOIL Ghana, Edward Bawa, has raised concerns over StarOil Ghana’s proposal to sell fuel at reduced prices during night hours, saying it could destabilize the petroleum industry. His comments come after StarOil CEO Philip Kwame Tieku suggested cutting fuel prices by GH¢9.50 per litre from 10:00 p.m. to 4:00 a.m. to support the night-time economy.
Speaking on Channel One TV’s The Point of View, Mr. Bawa explained that while the idea may have aimed to attract customer loyalty, it risked violating the pricing structure set by the National Petroleum Authority (NPA), which maintains a price floor of GH¢9.80 per litre. “The challenge I had with my brother was a healthy exchange, which I respect. But removing the floor was going to jeopardize the industry as a whole,” he said.
Mr. Bawa emphasized that any discount plan should operate within the approved pricing framework. He suggested that incentives could be offered without breaching the NPA’s floor price, ensuring both competitiveness and industry stability. “When you say that they should take off the floor, the least you could have done in the night economy is to equalize the floor,” he added.
The GOIL CEO also highlighted the company’s role in implementing the price floor during the February 2026 pricing window, noting that StarOil followed shortly after. “GOIL was the first to hit the floor in selected stations, and when we did, StarOil also followed,” Mr. Bawa said, underscoring his call for adherence to regulated pricing.
This exchange between Ghana’s leading petroleum companies illustrates the delicate balance between innovation in customer incentives and maintaining industry regulations. Analysts suggest that such public discussions could influence future policies on fuel pricing and the night-time economy in Ghana.
source: citi newsroom