The Chamber of Oil Marketing Companies (COMAC) has reaffirmed its unity and commitment to the downstream petroleum industry following the decision by Star Oil Limited to suspend its membership.
In a statement released on Thursday, January 22, 2026, COMAC acknowledged the “self-suspension” of Star Oil, noting that while it respects the right of individual companies to take independent decisions, the Chamber remains strong, united, and unwavering in its collective mission.
Board Chair of COMAC, Gabriel Kumi, emphasized that the Chamber continues to support the National Petroleum Authority’s (NPA) price floor policy, despite differing views among some members.
“As of now, the Chamber is still in support of the price floor, even though we recognize and acknowledge the concerns raised by Star Oil,” Mr. Kumi stated.
The rift follows a deepening disagreement over the NPA’s price floor policy, which is intended to curb unhealthy price competition and promote stability within the petroleum downstream sector.
Mr. Kumi connoted that Star Oil had expressed a divergent position on the matter but maintained respect for the collective decision of the Chamber.
“Star Oil holds a different view, and we respect that. However, in its letter, the company also indicated that it respects the majority decision of the Chamber,” he said.
Despite the suspension, COMAC has pledged to continue engaging the NPA and other industry stakeholders to address concerns and ensure sustainable growth within the sector.
COMAC is an umbrella body representing oil marketing companies in Ghana and serves as a key platform for industry coordination and engagement with regulators. The NPA’s price floor policy sets a minimum selling price for petroleum products, a measure the regulator says is aimed at preventing market distortions, protecting investments, and ensuring fair competition. However, the policy has faced criticism from some industry players who argue it limits pricing flexibility.
