British prosecutors have accused Diezani Alison-Madueke, Nigeria’s former minister of petroleum resources, of accepting bribes in the form of luxury goods and access to high-end properties from industry figures.On Tuesday, prosecutors appeared before the Southwark Crown Court in London to continue Alison-Madueke’s trial.The former minister, alongside oil executive, Olatimbo Ayinde and her brother Doye Agama,...
Category: Fuel Price
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Price Floor inflates OMCs margins against Consumer interest
The National Petroleum Authority’s (NPA) introduction of a floor price in Ghana’s petroleum market was intended to stabilize prices, prevent predatory pricing, and ensure the sustainability of Oil Marketing Companies (OMCs). However, a close analysis of the pricing structure reveals excessively high OMC margins often hidden in plain sight placing an unfair and disproportionate burden...
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IES Urges Strict Enforcement of NPA Price Floor and Uniformity Policies to Protect Downstream Petroleum Market
The Institute for Energy Security (IES) has called on the National Petroleum Authority (NPA) to strictly enforce the petroleum price floor and price uniformity policies, warning that weak compliance is undermining the integrity and sustainability of Ghana’s downstream petroleum market. In a statement issued in Accra on January 25, 2026, IES said recent market observations,...
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COMAC Calls for Sweeping Reforms in Downstream Petroleum Sector; Warns Price Floor Alone Cannot Fix Downstream Petroleum Challenges
The Chamber of Oil Marketing Companies (COMAC) has intensified calls for a broad overhaul of Ghana’s downstream petroleum industry, warning that the continued focus on the petroleum price floor risks overshadowing more fundamental structural and regulatory shortcomings within the sector. The Chamber recognises that the price floor policy has played a role in stabilising market...
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INSTEPR Executive Director Defends Petroleum Floor Price Amid Calls for Removal
Kwadwo Poku, Executive Director of the Institute for Energy Policies and Research (INSTEPR), has weighed in on the ongoing discourse surrounding fuel price competition among Oil Marketing Companies (OMCs) in Ghana. Speaking on the issue, Mr. Poku expressed surprise at calls from some civil society organizations (CSOs) advocating for the removal of the petroleum floor...
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CEMSE Warns NPA Price Floor Undermines Competition and Harms Consumers
Accra, Ghana – January 22, 2026 – The Centre for Environmental Management and Sustainable Energy (CEMSE) has raised concerns over the National Petroleum Authority’s (NPA) petroleum price floor, arguing that the policy undermines market efficiency, stifles competition, and ultimately hurts consumers. Introduced in April 2024, the price floor sets a minimum retail price for petroleum...
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ASEC Calls for Urgent Reform in Ghana’s Petroleum Downstream Following Star Oil’s COMAC Exit
The Africa Sustainable Energy Centre (ASEC) has called for urgent reforms in Ghana’s petroleum downstream sector following the indefinite suspension of Star Oil Limited’s membership from the Chamber of Oil Marketing Companies (COMAC).Star Oil, Ghana’s leading indigenous Oil Marketing Company (OMC), cited unfair representation and a failure to advocate for consumer-friendly policies, particularly the contentious...
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Star Oil Suspends COMAC Membership Over Price Floor Dispute
Star Oil Limited has announced the suspension of its membership of the Chamber of Oil Marketing Companies (COMAC) with immediate effect, citing concerns over what it describes as unfair representation of its views within the Chamber. In a formal letter by the CEO of star oil Philip Tieku addressed to the Chief Executive of COMAC,...
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Price wars: More OMCs cut pump prices as downstream competition intensifies
More oil marketing companies (OMCs) are cutting pump prices in the second pricing window of January, deepening competition in the downstream petroleum sector .On January 19, 2026, Zen Petroleum announced new uniform prices across all its outlets, departing from the industry trend of selective discounts. Petrol is now selling at GH¢9.94 per litre, one of...
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Price wars: More OMCs cut pump prices as downstream competition intensifies
More oil marketing companies (OMCs) are cutting pump prices in the second pricing window of January, deepening competition in the downstream petroleum sector .On January 19, 2026, Zen Petroleum announced new uniform prices across all its outlets, departing from the industry trend of selective discounts. Petrol is now selling at GH¢9.94 per litre, one of...