Star Oil Limited has suspended its membership of the Chamber of Oil Marketing Companies (COMAC) with immediate effect, escalating tensions within Ghana’s downstream petroleum sector.
This was contained in a statement issued on Wednesday, January 21, 2026, and available to Metro TV.
This comes on the heels of growing dispute over COMAC’s public position on the petroleum price floor policy.
Star Oil, a long-standing member and one of the biggest financial contributors to COMAC, said the decision was not taken lightly.
The company claimed it had supported COMAC’s operations and advocacy efforts for years, and remained committed to the chamber’s mission.
However, Star Oil explained that recent developments had forced it to reassess its membership, particularly because it believes the chamber has failed to fairly represent dissenting views.
At the heart of the dispute is the price floor policy, a contentious regulatory framework that controls how fuel prices are adjusted.
Star Oil has consistently called for the removal of the price floor, arguing that it distorts market signals and prevents international price and forex movements from being reflected in local fuel prices in a timely manner.
The company said this position sharply contrasts with that of the majority of COMAC members, who support retaining the policy.
Star Oil said it had expected COMAC to acknowledge and communicate its stance during public engagements, especially in media interviews involving the chamber’s Chief Executive.
The company claims its position has not been fairly communicated, leading to damaging public perceptions that its advocacy is motivated by anti-competitive intentions or other improper motives.
It described such suggestions as troubling and harmful to its reputation.
The company added that while it accepts that the majority of COMAC members support the price floor, it expected the chamber to allow room for divergent views.
It said the failure to do so raised questions about the fairness of the chamber’s representation.
Star Oil further argued that the price floor weakens competition and ultimately disadvantages consumers – a position it said mirrors the reasoning used by Bulk Distribution Companies in their successful push to remove their own price floor.
Star Oil said it was suspending its membership indefinitely, stating that continuing to be part of COMAC under the current circumstances would expose it to reputational risk.
The company said it would reconsider its decision only when the chamber demonstrates a clear commitment to balanced representation and fair communication of differing member position.
