The Chamber of Oil Marketing Companies (COMAC) has projected an increase in ex-pump prices of petroleum products for the pricing window beginning July 16, 2026, citing renewed geopolitical tensions and a slight depreciation of the Ghana cedi against major trading currencies. According to COMAC, petrol prices are expected to increase by between 3.79% and 5.31%,...
Day: July 15, 2026
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Trump Scraps Hormuz Toll Plan as U.S.-Iran Conflict Deepens
US President Donald Trump has walked back his plan to charge a 20 percent fee on cargo shipped through the Strait of Hormuz, replacing it with proposed trade and investment agreements with Persian Gulf states while maintaining a blockade on Iranian shipping. “Based on highly productive conversations with Middle East leadership, I have decided to...
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PHDC Signs MoU with Qatari firm Al Kaabi Holding Group
Qatari-based business conglomerate Al Kaabi Holding Group has firmed up its strong interest in Ghana’s Petroleum Hub project with the signing of a Memorandum of Understanding (MoU) with the Petroleum Hub Development Corporation (PHDC) on Monday, July 13, 2026. The MoU, which follows a series of extensive engagements, was signed by Mr Muhammad Mubarak Al...
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The minister for Energy and Green Transition dr John Jinapor has received a delegation from the British High Commission, Accra, led by the British High Commissioner to Ghana, H.E. Christian Rogg.
Both parties discussed the reforms undertaken since the NDC administration assumed office, including reforms in the electricity distribution sector, ongoing grid expansion works, and the progress we have made in arresting the decline in oil production. We also explored our priority projects and opportunities for financing and technical cooperation. Dr Jinapor highlighted our aggressive renewable...
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ECOWAS Commission in Ghana to understudy NPA operations on fuel quality standards
A team from the ECOWAS Commission is in Ghana to understudy the efficient manner that the National Petroleum Authority (NPA) regulates the downstream petroleum industry.The team comprises regulators and institutions responsible for managing downstream sectors in the sub region. The three-day study tour provides a platform for ECOWAS Member States to exchange experiences, share best...
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NPA increases price floor from July 16; Petrol up to GH¢ 13.28 and diesel pegged at GH¢ 14.35
The National Petroleum Authority (NPA) has increased the price floor for various petroleum products, effective July 16, 2026. Based on a notice sent to industry players, the price for petrol has increased from GHC 12.79 to GHC 13.28 per litre. Diesel has also been increased from GHC 13.54 to GHC 14.35 per litre. The development...
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Ghana’s Ageing Oil Fields Expose State Revenues to Deeper Pressure – IES
Ghana’s crude oil production decline has moved beyond a routine industry slowdown into a structural threat to fiscal stability, energy security and long-term upstream investment, according to a new analysis by the Institute for Energy Security.The report, authored by Smith Prosper Boahene and Prince Lumor, argues that Ghana’s six consecutive years of falling crude output...
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Dangote Refinery Begins Pricing Local Fuel Sales In Dollars
Nigeria’s downstream petroleum sector is bracing for renewed foreign exchange (FX) pressure after Dangote Petroleum Refinery scrapped its naira-denominated pricing model for petrol, diesel and aviation fuel, replacing it with a dollar-based framework that ties domestic fuel prices directly to exchange rate movements. The change, announced in a notice to marketers and customers dated July...
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NPA Hosts Kenyan Energy Regulatory Delegation for Downstream Petroleum Study Tour
The National Petroleum Authority (NPA) has hosted a high-level delegation from Kenya’s Energy and Petroleum Regulatory Authority (EPRA) on a study tour of Ghana’s downstream petroleum regulatory framework. The visit forms part of efforts by the Kenyan delegation to gain insights into the NPA’s regulatory regime and best practices in the downstream petroleum industry. The...