Global crude oil markets are once again on edge as prices decisively surged past the $100 per barrel mark following the sudden collapse of a critical ceasefire agreement. The Petroleum Hub Development Corporation (PHDC) notes that this sharp uptick is driven primarily by the renewed threat of closure for the Strait of Hormuz, the world’s...
Category: Fuel Price
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Fuel prices: Ghana places 15th in Africa
Ghana improved its position from December 2025 to the 15th position on the African continent with the lowest fuel prices.According to GlobalPetrolPrices.com, gasoline or petrol sold at US$1.303 per litre as of April 6, 2026, compared with US$1.297 per litre as of December, 2025. On the other hand, gas oil or diesel is going for...
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Don’t expect instant relief – COMAC CEO warns fuel price drops will be gradual
Fuel price relief will not be immediate despite government’s latest intervention to ease the burden on consumers, Chief Executive Officer of COMAC, Dr Riverson Oppong, has cautioned. Speaking on PM Express Business Edition on Joy News on Thursday, he warned that any expected drop in pump prices will take time to materialise, even as global...
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Fuel Tax Cuts Offer Only Short-Term Relief, Risk Worsening Ghana’s Debt — Energy Expert Warns
Legal practitioner and energy expert, Lom Nuku Ahlijah, has cautioned that government interventions to reduce fuel taxes or eliminate levies will provide nothing more than a temporary reprieve for Ghanaian consumers amidst rising global energy costs.While the pressure to cushion the public from the fallout of international conflicts is mounting, such fiscal maneuvers do not...
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Ghana’s President Mahama convenes emergency cabinet meeting over surge in fuel prices
President John Mahama has convened an emergency cabinet meeting to chart immediate policy responses to the sharp rise in fuel prices, as global oil markets react to escalating tensions in the Middle East. Addressing participants at the Kwahu Business Forum on Saturday, April 4, 2026, the President signalled that the government is moving swiftly to...
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GOIL MD backs fuel price competition, says consumers benefit
The Group Chief Executive Officer and Managing Director of Ghana Oil Company Limited (GOIL), Edward Bawa, has described the ongoing fuel price competition with Star Oil as beneficial to both consumers and players within the petroleum industry.According to Mr. Bawa, the competitive pricing environment is driving efficiency among oil marketing companies while ensuring that consumers...
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COPEC projects fuel prices to hit GH¢18 per litre in April
The Chamber of Petroleum Consumers (COPEC) has warned that fuel prices could rise to between GH¢17 and GH¢18 per litre in the first pricing window of April. The projected increase is attributed to escalating geopolitical tensions in the Middle East, which are threatening supply chains and driving volatility in global crude oil prices. Executive Secretary...
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Star Oil versus Goil: The price war beyond missile strikes in Middle East
Escalating geopolitical tensions in the Middle East, triggered by coordinated strikes by the United States and Israel on Iran in late February, have persisted into March, with far-reaching implications for global energy markets. Disruptions to shipping activity through the Strait of Hormuz have tightened supply and heightened volatility in crude oil prices, with Brent crude...
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COMAC Stresses Consumer Protection as Ghana’s Fuel Demand Surges
The Chamber of Oil Marketing Companies (COMAC) has underscored the growing importance of consumer protection in Ghana’s downstream petroleum sector, as fuel consumption continues to rise significantly. Speaking at an event by the National Petroleum Authority NPA, to mark World Consumer Rights Day, CEO of COMAC Dr Riverson Oppong expressed appreciation to the National Petroleum...
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Government has no room to cushion fuel prices —Kwadwo Poku
Energy analyst and Executive Director of the Institute for Energy Policies and Research, Kwadwo Poku, says the government currently has limited capacity to ease the burden of rising fuel prices, citing IMF restrictions and a significant revenue shortfall.Speaking on The AM Show, on joy news TV, Mr Poku said while public frustration is understandable, the...