Rising fuel prices continue to place significant pressure on households, transport operators, businesses, and the broader Ghanaian economy. Although BOSTenergies does not determine retail fuel prices under Ghana’s deregulated petroleum pricing regime, the state-owned bulk oil storage and distribution company says it is implementing measures to help mitigate the impact of global market volatility on...
Month: July 2026
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Nigeria waives import duty, VAT on fully CNG, electric vehicles
The Nigerian government has exempted fully compressed natural gas (CNG), liquefied petroleum gas (LPG) and electric vehicles from import duty and Value Added Tax (VAT) to incentivize the shift to cleaner transport and reduce the country’s dependence on petrol.The Nigeria Customs Service (NCS) announced this on Thursday in a press statement under the Presidential Gas...
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Energy Commission, Ghana Thermal Power Limited: Advance Talks on 1,200 MW Power Plant in Central Region
The Energy Commission of Ghana has held discussions with Ghana Thermal Power Limited (GTPL) on the company’s proposed 1,200 MW Combined Cycle Gas Turbine (CCGT) power plant at Kafodzidzi-Abrobiano in the Komenda Edina Eguafo Abirem Municipality, in the Central Region.The talks form part of the Commission’s regulatory review of GTPL’s Siting Permit application, submitted under...
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Dangote Refinery IPO Set to Raise Over N4 Trillion as Investors Anticipate Landmark Public Offer
The forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) is expected to be the most significant public offering in Nigeria’s capital market this year, with analysts projecting that billionaire industrialist Aliko Dangote could raise more than N4 trillion when the offer opens in the last quarter of 2026. Market analysts...
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NPA Raises Fuel Price Floors as Diesel Jumps 18%
Fuel prices in Ghana are set to rise further after the National Petroleum Authority (NPA) increased the price floors for petrol, diesel and liquefied petroleum gas (LPG) for the first pricing window of August 2026, deepening concerns over inflation, transport fares and the cost of doing business.The latest benchmark adjustments, published by the NPA, mark...
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COMAC Projects Fuel Price Increases for August Pricing Window Amid Rising Global Oil Prices
The Chamber of Oil Marketing Companies (COMAC) has projected an increase in ex-pump prices of petrol, diesel and liquefied petroleum gas (LPG) for the first pricing window of August 2026, citing escalating geopolitical tensions and rising international petroleum prices.According to COMAC’s latest pricing outlook, petrol prices are expected to increase by between 4.89% and 7.58%,...
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TOR Hails Ga Mantse’s Visionary Leadership in Driving Investment and Economic Transformation
The Acting Chief Executive Officer of Tema Oil Refinery (TOR), Mr. Edmund Kombat, has expressed the profound appreciation of the Board, Management and Staff of the Refinery to His Royal Majesty, the Ga Mantse King Tackie Tsuru for his visionary leadership and unwavering commitment to promoting investment and economic development in Ghana. On Tuesday, the...
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Oil Tycoon Kofi Abban Reportedly Gifts Shatta Wale Luxury Ferrari
Ghanaian businessman and oil entrepreneur Kofi Abban has reportedly gifted award-winning dancehall artiste Shatta Wale a luxury Ferrari, a gesture that has generated widespread attention and admiration across social media. According to reports circulating online, the high-performance sports car was taken from Mr. Abban’s personal garage and presented to the musician. While details surrounding the...
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ZEN Petroleum Posts GH¢96.56m First-Quarter Profit on GH¢1.78bn Revenue
ZEN Petroleum Holdings Plc reported a profit after tax of GH¢96.56 million for the three months ended June 30, 2026, as sales of fuel, lubricants and consignment-stock management services generated revenue of GH¢1.78 billion during the company’s first reporting period. The petroleum holding company recorded gross profit of GH¢165.37 million after cost of sales reached...
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Ghana’s power sector reforms target financial stability; government moves to clear IPP payment gaps
The government says ongoing reforms in Ghana’s energy sector are aimed at improving financial sustainability, reducing costs and preventing a return to the accumulation of large outstanding debts owed to Independent Power Producers (IPPs). The Deputy Energy Minister, Richard Gyan-Mensah, says the sector has recorded significant improvements despite inheriting challenges, including high IPP debts and...