The Chief Executive Officer of GOIL Ghana, Edward Bawa, has raised concerns over a proposed nighttime fuel discount plan by StarOil Ghana, cautioning that it could violate industry pricing rules.
The debate follows a social media proposal by StarOil CEO, Philip Kwame Tieku, to reduce fuel prices to GH¢9.50 per litre between 10:00 p.m. and 4:00 a.m. as part of efforts to support the night-time economy.
Speaking in a recent interview, Mr. Bawa described the exchange as a “healthy” industry discussion but stressed that selling below the price floor set by the National Petroleum Authority could destabilise the sector.
He explained that the regulated price floor set at GH¢9.80 at the time accounts for various operational costs, including charges incurred by Bulk Distribution Companies, and warned that undercutting it could create market distortions.
Mr. Bawa suggested that companies could instead explore incentives within the approved pricing framework rather than breaching it. He also noted that GOIL was among the first to implement the regulated price floor in February 2026, with StarOil following shortly after.
The discussion highlights ongoing tensions within Ghana’s petroleum sector over pricing strategies and regulatory compliance.