Fuel prices are set for a mixed adjustment from Friday, May 1, 2026, with petrol and diesel expected to decline, while Liquefied Petroleum Gas (LPG) is expected to increase sharply. Data from the Chamber of Oil Marketing Companies shows petrol could drop by up to 0.51% per litre. This could see some Oil Marketing Companies...
Category: Fuel Price
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BOST to lose GH¢40m from suspended margins on fuel—Deputy MD
The Bulk Oil Storage and Transportation Company Limited (BOST) stands to lose close to GH₵40 million in April alone following the government’s suspension of the BOST margin on diesel, the company’s Deputy Managing Director, Nat Salifu Acheampong, has disclosed. In an interview with JoyNews on Monday, April 20, Mr. Acheampong said while the margin on...
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Kenyans are set to take to the streets of Nairobi today, Tuesday, to protest recent increases in petrol and diesel prices.
Thousands of young people are expected to join the demonstrations under the hashtag #RejectFuelPrices.Meanwhile, Government Spokesperson Isaac Mwaura has cautioned organisers that the protests could impose significant economic costs on the country.Speaking during a press briefing on Monday, Mwaura urged organisers to reconsider the planned protests and instead engage the government through structured dialogue to...
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Marketing Companies, Not Government, Reducing Fuel Margins – Hon. George Aboagye.
Hon. George Kwame Aboagye Hon. George Kwame Aboagye, the Ranking Member on the Parliamentary Select Committee on Energy, has clarified that the recent relief in fuel prices at the pump is a result of voluntary margin reductions by Oil Marketing Companies (OMCs) rather than a direct tax cut by the government. Amidst public outcry over...
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Fuel price cuts won’t translate instantly – ACEP boss explains why
Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has cautioned that recent interventions to stabilise fuel prices will not immediately translate into relief for consumers. Speaking on PM Express Business Edition on Joy News Thursday, on the sidelines of the IMF Spring Meetings in Washington DC, he said the impact of...
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GOIL REDUCES FUEL PRICES TO MATCH NPA FLOOR PRICE
Tensions in the Middle East continue to push global crude oil prices higher and putting pressure on pump prices.Following government’s removal of selected margins to ease the burden on Ghanaians , GOIL has reduced pump prices to match NPA’s price floor to bring relief to consumers. Offering relief ; Delivering quality and value.GOIL – Good...
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Obsolete Refinery Plants Undermine Fuel Stability; COPEC Boss Calls for Upgrades
Duncan Amoah, the Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has intensified calls for the government to prioritize technical and strategic investments in the Tema Oil Refinery (TOR) to prevent the nation’s energy security from being compromised by “inefficient, old, and obsolete” infrastructure. He asserts that the current state of the refinery significantly...
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Energy Minister John Jinapor likely to suspend some fuel margins today
Energy Minister John Jinapor is expected to announce a temporary suspension of some margins on petroleum pricing today, in what could bring relief to consumers over the next four weeks. This is what JOYBUSINESS has gathered from persons with knowledge of engagements between the Finance Minister, Cassiel Ato Forson, and the Energy Minister to review...
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IMANI, 3 Others Call for GHC1.65 Relief from Petroleum products
MANI Africa, the Chamber of Petroleum Consumers (COPEC), the Institute for Energy Security (IES), and the Institute for Energy Strategy (INSTEPR) have jointly proposed a cumulative reduction of GH¢1.65 in the current petroleum price build-up. This unified call follows a directive from President H.E. Mahama during the most recent cabinet meeting, which tasked the Ministries...