Star Oil has recorded the highest growth in petroleum product sales, consolidating its position as the market leader in Ghana’s oil marketing industry for 2025. The company grew by 27.76% in total petroleum products sold, achieving a market share of 10.68%. This allowed it to narrowly overtake GOIL PLC, which posted a modest 1.72% growth...
Day: April 13, 2026
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Nigerian Navy intercepts vessels carrying N4 billion worth of suspected stolen crude oil
The Nigerian Navy has seized two vessels containing 939 metric tons of suspected stolen crude oil valued at over N4 billion. The disclosure was made by the Commander of Joint Task Force South Operation Delta Safe, Olugbenga Oladipo, while briefing journalists in Calabar on Sunday. He said the operation took place at midnight on April...
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CBOD Urges Government to Privatize TOR
Dr. Patrick Kwaku Ofori, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), has called on the government to initiate a bold privatization strategy for the Tema Oil Refinery (TOR) to rescue the state asset from its current state of redundancy. This appeal marks a significant shift in the discourse surrounding...
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COMAC CEO Rejects Calls to Scrap BOST
Riverson Oppong, the Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), has signaled a major policy shift by rejecting calls to scrap the Bulk Oil Storage and Transportation (BOST) Company Limited. Dr. Oppong emphasized that BOST remains a vital pillar for national energy security and the successful implementation of the zonalisation policy....
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Gov’t loses over GH¢600m in taxes from unaccounted petroleum products-COMAC
Government lost more than GH¢600 million in tax revenue in 2025 due to 199 million litres of unaccounted petroleum products, according to the 2025 Petroleum Product Analysis Report by the chamber of oil marketing companies COMAC. The lost revenue was expected to accrue to the state through taxes, levies, and other regulatory charges on petroleum...
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COMAC Report Reveals Surge in Fuel Demand, Rising Imports and Revenue Losses in 2025
A new industry report by the Chamber of Oil Marketing Companies (COMAC) has highlighted significant growth in petroleum product consumption in Ghana in 2025, driven by strong demand across key sectors. The report, which analyses supply and consumption trends from January to December 2025 with comparisons to 2024, shows that total national consumption rose from...
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ASEC Commends Government’s Fuel Tax Cuts, Urges Long-Term Energy Reforms
The Africa Sustainable Energy Centre (ASEC) has welcomed the Government of Ghana’s decision to remove selected taxes and margins on petroleum products, describing the move as timely relief for households and the transport sector amid rising global fuel prices. In a statement issued in Accra, ASEC praised John Dramani Mahama and his administration for what...