Strait of Hormuz disruption could trigger swift increases in fuel prices in Ghana, an energy law expert has warned, as global markets react to escalating tensions in the Middle East. While authorities insist that domestic fuel stocks remain adequate, analysts say the real risk lies in rising international crude and refined product prices.Energy law specialist...
Day: March 2, 2026
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NPA raises fuel price floor for March 1 window; petrol now GH¢10.46, diesel GH¢11.42
The National Petroleum Authority (NPA) has announced new minimum price levels for petroleum products for the first pricing window of March 2026, effective March 1–15. Under the revised price floor, petrol will increase from GHC 10.24 in the February 16 window to GHC 10.46 per litre, while diesel rises from GHC 11.34 to GHC 11.42....
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OPEC+ approves hike in oil production as Gulf crisis escalates
OPEC+ has agreed in principle to a slightly larger increase in oil production next month as a conflict sparked by US-Israeli strikes on Iran threatens to push crude prices higher. Key members, led by Saudi Arabia and Russia — which had paused a series of hikes during the first quarter — are set to add...
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SONA: COPEC scores gov’t 70% on energy, raises power cost concerns
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has acknowledged the significant improvements in Ghana’s energy sector, scoring the government between 65 and 70% for its performance as outlined in the 2026 State of the Nation Address (SoNA). Speaking on Channel One TV’s Big Issue programme on Saturday, February 28, Mr...