The CEO of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, says Ghana’s fuel market has entered an unusually volatile phase, forcing oil marketing companies (OMCs) to respond in ways rarely seen under the country’s pricing system. His comments come as the government rolls out a ¢ 2-per-litre cushioning on diesel after another...
Category: Fuel Price
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Jinapor engages NPA over GHS2 diesel price reduction
Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has engaged the National Petroleum Authority (NPA) and other key stakeholders on the implementation of government’s decision to reduce the price of diesel by GHS2 per litre. The intervention follows a directive by President John Dramani Mahama aimed at cushioning consumers from the impact of...
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Reports of daily fuel price changes are inaccurate – CBOD
Dr. Patrick Kwaku Ofori, Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), has dismissed reports suggesting that Ghana is set to introduce daily fuel price adjustments, insisting that the country’s current bi-weekly pricing system remains in force.His comments come amid growing public speculation that heightened volatility in global petroleum markets could prompt...
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GH¢2 diesel subsidy will cushion consumers amid global fuel market volatility – COMAC
Chief Executive of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, has welcomed the government’s GH¢2 per litre diesel subsidy. He described it as a timely intervention to cushion consumers and operators as volatility in the global oil market continues to drive uncertainty in fuel prices. Speaking on Joy FM’s Top Story on...
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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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30% transport fare hike reflects failure of state policy – Benjamin Nsiah
Energy expert Benjamin Nsiah has criticised Ghana’s transport pricing system, describing the possible 30% increase in fares proposed by transport operators as a sign of deeper policy failures.The Ghana Private Road Transport Union (GPRTU) has warned that fares could rise by 30% due to increasing fuel prices and operational costs. However, Nsiah said transport fare...
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Transport fares should not rise permanently over temporary fuel shocks – Oil marketers
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, has suggested that the government could temporarily suspend the additional GH¢1 Energy Sector Levy component to cushion transport operators facing rising fuel prices.Dr Oppong said such an intervention could help reduce pressure on drivers and prevent the immediate transfer of...
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Star Oil CEO Explains Fuel Price Increases Amid Global Oil Volatility
Motorists across Ghana who have watched fuel prices climb steadily despite being only halfway through the current petroleum pricing window may soon face further increases if global oil market conditions remain unstable, according to the Chief Executive Officer of Star Oil, Kwame Tieku. In a detailed explanation shared on his social media platform, Mr. Tieku...
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Fuel Retailers Break Pricing Cycle as US$100 Oil Rekindles Inflation Fears
Ghana’s downstream petroleum market is beginning to show renewed signs of stress, after major Oil Marketing Companies moved to raise pump prices ahead of the official bi-weekly pricing window, signalling that global oil pressures are beginning to outpace the industry’s normal pricing rhythm. The early price adjustments mark an important shift in market behaviour. In...