More oil marketing companies (OMCs) are cutting pump prices in the second pricing window of January, deepening competition in the downstream petroleum sector .On January 19, 2026, Zen Petroleum announced new uniform prices across all its outlets, departing from the industry trend of selective discounts. Petrol is now selling at GH¢9.94 per litre, one of...
Month: January 2026
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Price wars: More OMCs cut pump prices as downstream competition intensifies
More oil marketing companies (OMCs) are cutting pump prices in the second pricing window of January, deepening competition in the downstream petroleum sector .On January 19, 2026, Zen Petroleum announced new uniform prices across all its outlets, departing from the industry trend of selective discounts. Petrol is now selling at GH¢9.94 per litre, one of...
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Japan restarts world’s biggest nuclear plant
The world’s biggest nuclear power plant was restarted on Wednesday for the first time since the 2011 Fukushima disaster, its Japanese operator said, despite persistent safety concerns among residents.The plant was “started at 19:02” (1002 GMT), Tokyo Electric Power Company spokesman Tatsuya Matoba told AFP of the Kashiwazaki-Kariwa plant in Niigata prefecture.The regional governor approved...
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COMAC Chairman Calls for Calm as Chamber Moves to Resolve Dispute Between Major Oil Marketers
The Board Chairman of the Chamber of Oil Marketing Companies (COMAC), Gabby Kumi, has called for calm amid rising tensions involving two major players in Ghana’s downstream petroleum sector, Star Oil and GOIL.Speaking to Energy Crossroad, Mr Kumi noted that the two companies together control nearly 30 per cent of Ghana’s downstream petroleum market, warning...
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Fuel Price Cuts Long Anticipated Under Deregulated Market – COMAC
The Chamber of Oil Marketing Companies (COMAC) has described the recent fuel price reductions across the country as expected, insisting that the developments are consistent with projections under Ghana’s deregulated petroleum pricing regime.Speaking on Joy News’ PM Express on Tuesday, COMAC’s Chief Executive Officer, Dr Riverson Oppong, said the price cuts currently being enjoyed by...
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NPA Executive Committee Retreat Begins, Focuses on Improving Performance in 2026
The Executive Committee (EXCO) of the National Petroleum Authority (NPA) has commenced a strategic retreat aimed at reviewing the Authority’s performance in 2025 and outlining key activities and priorities for 2026.The meeting brings together heads of the various directorates to assess achievements over the past year and align on strategies to enhance operational efficiency and...
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Energy Analyst back calls for removal of floor pricing in Ghana’s downstream petroleum industry
Energy Analyst and Executive Director of the Centre for Environmental Management and Sustainable Energy (CEMSE), Benjamin Nsiah has backed calls by some oil marketing companies for the removal of the floor price policy. The policy was introduced by the National Petroleum Authority to set price ceiling for downstream oil marketing companies as a protective measure....
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Rosatom Unveils High-Efficiency Russian-Made Inverter Prototype for Solar Power Plants
Rosatom has unveiled a new Russian-made inverter prototype for solar power plants, marking a significant step in the country’s clean energy and technology development efforts.The inverter was developed by Parus Electro LLC, a subsidiary within Rosatom’s Automatic Process Control Systems and Electrical Engineering Division. It is designed to convert direct current generated by solar panels...
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DR. WISDOM ENANG CAUTIONS THAT VENEZUELA’S CRISIS COULD SIGNIFICANTLY UNDERMINE NIGERIA’S ₦58 TRILLION 2026 BUDGET
An Adjunct Professor of the North Dakota University, USA, and a globally respected oil and gas consultant, Engr. (Dr.) Wisdom Patrick Enang, has warned that unfolding geopolitical developments in Venezuela could materially undermine Nigeria’s ₦58.18 trillion 2026 Federal Government budget by exerting sustained downward pressure on global crude oil prices. Dr. Enang made this known...
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Nigeria’s oil output drops 8.3% to 1.544m bpd
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, says Nigeria’s oil output, including condensate, dropped significantly by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024. The Commission did not provide reasons in its report released yesterday, but...