GOIL Company Limited has reduced fuel prices at the pumps beginning Tuesday.

A statement by the company said its Super XP Ron 95 (petrol) will sell at GH¢6.850 while Diesel XP will be sold at GH¢6.85 per litre. The price reduction was 14 pesewas per litre for both products.

GOIL’s previous price per litre for both products was GH¢6.99.

Management of the company explained the decision is to cushion consumers in the wake of high prices for petroleum products on the international market and recent forex differentials.

’We decided to sacrifice our margins to reduce the hardship on our consumers,” the company noted.

GOIL is Ghana’s leading Oil Marketing Company by market share.