The Executive Director of the Africa Sustainable Energy Centre (ASEC), Justice Ohene-Akoto, has called for the removal of the one-cedi fuel levy on petroleum products, saying it places an unnecessary burden on ordinary Ghanaians.Speaking to Fritz Delanyo Amegashie on Asaase radio’s Big Bulletin, Ohene-Akoto argued that the government cannot rely on taxes alone to solve...
Category: Fuel Price
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Fuel price crisis may trigger presidential intervention – NPA boss
The CEO of the National Petroleum Authority (NPA), Godwin Edudzi Tamaklo, has signalled that Ghana could see high-level intervention if fuel prices continue to surge, with discussions potentially escalating to the Presidency. Speaking on PM Express on Joy News, he indicated that current market conditions are being closely monitored, but tougher decisions may be required...
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COMAC CEO Assures Stable Fuel Supply Despite Middle East Tensions
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has assured Ghanaians of continued stability in the supply of petroleum products despite escalating tensions involving Iran, Israel, and the United States in the Gulf region.Speaking on State of Affairs on GHOne TV, Dr. Oppong downplayed the potential impact of...
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COMAC Projects Sharp Rise in Fuel Prices for Second March Pricing Window
The Chamber of Oil Marketing Companies (COMAC) has projected significant increases in ex-pump prices of petroleum products during the second pricing window of March.According to COMAC’s latest pricing outlook, petrol, diesel, and liquefied petroleum gas (LPG) prices are expected to rise by 16.93%, 17.21%, and 11.26% respectively. Global crude oil surge drives increasesThe projected hikes...
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NPA Sets New Fuel Price Floors for March Second Pricing Window
The National Petroleum Authority (NPA) has announced new fuel price floors that are expected to push petroleum product prices higher across the country during the second pricing window of March. The revised minimum price thresholds will take effect from March 16 to March 31, setting new benchmark prices for petrol, diesel and liquefied petroleum gas...
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Oil price surge may turn Iran conflict into windfall for Ghana – Dr Adu Sarkodie
Economist Dr Adu Owusu Sarkodie says the escalating war in the Middle East could unexpectedly boost Ghana’s revenue if rising global oil prices persist. Speaking on Joy News’ PM Express Business Edition on Thursday, he explained that while geopolitical conflicts often trigger economic shocks, oil-producing countries like Ghana could benefit from higher crude prices on...
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US-Israel-Iran war cuts 22m barrels of fuel daily – COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has warned that Ghana could see a sharp increase in fuel prices as the global oil supply faces severe disruption due to ongoing hostilities in the Middle East.Speaking on The Big Issue on Channel One TV on Saturday, March 7, Mr Amoah described...
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National Petroleum Authority Orders Uniform Fuel Pricing Across All Retail Outlets from March 16
The National Petroleum Authority (NPA) has introduced sweeping new measures requiring Oil Marketing Companies (OMCs) to apply uniform fuel prices across all their retail stations nationwide beginning March 16. The directive forms part of efforts to strengthen regulatory oversight, enhance transparency, and eliminate inconsistencies within Ghana’s downstream petroleum sector. No More Selective Discounts Under the...
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COMAC Warns of Higher Petroleum Product Prices
igher petroleum product prices could confront Ghanaian consumers if the conflict between the United States, Israel and Iran persists, the Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, has cautioned. Although he dismissed fears of imminent fuel shortages on the local market, Dr Oppong stressed that sustained geopolitical instability...
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Government Urged to Cushion Rising Fuel Prices with Petroleum Funds
nergy and Associates Ghana has called on government to consider deploying the Ghana Petroleum Funds to cushion consumers against temporary spikes in pump prices, warning that rising crude oil prices could trigger a fresh cost-of-living crisis. In a statement signed by its Director of Operations, Research and Communication, Ibrahim Kwame Baidoo, the policy think tank...