The Institute for Energy Security (IES) has rejected claims that the National Petroleum Authority’s (NPA) fuel price floor is preventing oil marketing companies from reducing pump prices, insisting the policy remains critical to fair competition and market stability. The response follows public comments by StarOil Ghana, which suggested petrol could be sold at GH¢9.50 per...
Author: Energy Crossroad (Energy Crossroad)
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COMAC to Hold Emergency Meeting on Fuel Price Floor as Internal Divisions Deepen
The Chamber of Oil Marketing Companies (COMAC) will convene an emergency meeting on Wednesday, January 21, 2026, to adopt a unified position on the Petroleum Price Floor Programme, amid growinginternal disagreements over the policy. The meeting follows concerns from sections of the Chamber, with some members backing the price floor while others are pushing for...
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GHANA NAVY FOILS MAJOR ILLEGAL FUEL BUNKERING OPERATION
The Ghana Navy has successfully foiled a major illegal fuel bunkering operation, intercepting seven modified canoes suspected of illicit fuel bunkering during an intelligence-led maritime security patrol along the Keta-Denu-Aflao coastline in the Volta Region. During a press briefing at the Eastern Naval Command (ENC) on Thursday, 15 January 2026, Flag Officer Commanding (FOC) ENC,...
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NPA pushes back on proposals to scrap Fuel Price Floor Policy
The National Petroleum Authority (NPA) has pushed back against calls to remove the Fuel Price Floor Programme, insisting the policy remains necessary due to persistent unfair pricing practices in the downstream petroleum sector. According to the Authority, the market conditions that compelled the introduction of the price floor have not changed. It argues that pricing...
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Dangote signs $350 million deal with Indian firm EIL to expand Lagos refinery
Dangote Group has signed a $350 million deal with Indian engineering firm EIL to expand its flagship refinery and petrochemicals complex in Lagos, a move set to boost Nigeria’s industrial capacity and reduce Africa’s reliance on imported refined fuels.State-owned Engineers India Ltd (EIL) said on Saturday that it has renewed a $350 million contract with...
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Nzema Youth seek roadmap for Petroleum hub operation
A youth group in Nzema has urged President John Dramani Mahama to provide a clear and realistic roadmap for the operationalisation of the Petroleum Hub Corporation, citing concerns over delayed implementation and its impact on local job creation. Speaking at a press conference in Nkroful on Sunday January 18, the Concerned Youth of Nzema highlighted...
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Gov’t assures minimal disruption as WAPCo undertakes planned maintenance
The Ministry of Energy and Green Transition and the Ghana Grid Company Limited (GRIDCo) have assured the public of minimal disruption to electricity supply ahead of scheduled maintenance works by the West African Gas Pipeline Company (WAPCo). In a statement issued on Saturday, January 17, 2026, GRIDCo said it had been formally notified by WAPCo...
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COMAC Board, Management Hold Strategic Retreat to Chart 2026 Agenda
The Board and Management of the Chamber of Oil Marketing Companies (COMAC) have held a two-day strategic retreat at the Peninsula Resort in Akosombo, aimed at setting the organisation’s priorities and operational direction for 2026.The retreat featured a formal Board meeting at which members reviewed key governance issues, approved strategic initiatives, and offered policy guidance...
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Dr. Toni Aubynn Declares 2026 ‘Year of Action’ for Petroleum Hub Project
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, has declared 2026 as “the year of action” for Ghana’s ambitious Petroleum Hub project. According to Dr. Aubynn, 2026 will be the year in which the extensive groundwork laid over previous years culminates in concrete, site-based implementation within the Jomoro Municipality...
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GOIL PLC Reduces Fuel Prices at Stations to Ease Cost of Living
GOIL PLC has announced a significant reduction in fuel prices at 150 out of its 447 outlets nationwide, as part of a targeted pricing intervention aimed at easing transportation costs and ensuring that recent economic gains translate into tangible relief for ordinary Ghanaians. The price reduction applies to strategically selected GOIL stations located closer to...