Despite significant drop in fuel prices, Ghana ends the year placing 23rd on the African continent. According to GlobalPetrolPrices.com, gasoline or petrol sold at US$1.297 per litre as of 15th December, 2025. On the other hand, gas oil or diesel is going for US$1.145 per litre. Central African Republic ($1.883) was ranked 1st in Africa...
Category: Fuel Price
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Dangote Refinery records over 1,000 trucks loading daily in lower prices, reduced minimum purchase volume drive
Dangote Refinery has emerged as the hub of fuel distribution in Nigeria, following bold strategic adjustments aimed at making energy more affordable and accessible. The refinery recently announced a significant reduction in the pump price of Premium Motor Spirit (PMS) to ₦699 per litre, alongside a drastic cut in the minimum purchase requirement from 2...
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Fuel prices set to reduce marginally at the pumps from today, Dec. 16
Prices of petroleum products are expected to decline marginally at the pumps from today, December 16.The projection is contained in the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides pricing decisions by oil marketing companies. Projected Reduction The price of petrol is expected to fall by between 1.64% and 3.89%,...
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Dangote refinery reduces ex-depot petrol price from N828/litre to N699/litre
The Dangote Petroleum Refinery has slashed the ex-gantry price of its premium motor spirit, also known as petrol, to N699 per litre.According to sources at the refinery, the price of the product was reduced by N129 from the previous price of N828 per litre. “The refinery reduced its petrol price to N699 per litre,” a...
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Fuel prices set to drop for Christmas – Oil Marketers Board Chair assures
Board Chairman of the Chamber of Oil Marketing Companies, Gabriel Kumi, says Ghanaians should expect cheaper fuel this Christmas as global product prices continue to fal He says the indicators already point to clear reductions across petrol, diesel and LPG, and consumers will feel the relief from mid-December. Speaking on PM Express Business Edition, he...
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Fuel prices set to rise slightly from today, Dec 1
The price of petroleum products is expected to increase marginally at the pumps from today, December 1.The price of petroleum products is expected to increase marginally at the pumps from today, December 1. The projection was captured in the latest Chamber of Oil Marketing Companies (COMAC) outlook report, which guides the pricing decisions of oil...
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Petrol Imports From Malta Drop By 60% After Dangote Refinery
Nigeria’s imports of refined petroleum products from Malta have plunged by 60 percent in 2024, signalling a shift in the country’s downstream fuel supply dynamics as the Dangote refinery ramps up output. Data from TradeMap show that Nigeria’s imports of Malta petroleum oils and oils obtained from bituminous minerals dropped to approximately $818 million in...
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COMAC says Fuel Prices Expected to Rise as Global Crude Oil Costs Increase
The Chamber of Oil Marketing Companies COMAC says Crude oil prices recorded a modest rise in mid-November 2025, a development expected to ease the cedi’s recent gains in the forex market. According to COMACs monthly pricing report, International benchmark prices increased by 2.95%, moving from $62.82 to $64.67 per barrel. Data from the petroleum market...
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Nigeria hits 1.401 million bpd in October, fails OPEC quota for third month.
Nigeria’s crude oil production climbed marginally to 1.401 million barrels per day (bpd) in October, up from 1.39 million bpd recorded in September. This is according to the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (MOMR) released on Wednesday. Despite the modest increase, the report shows that Nigeria fell short of meeting...
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Downstream petroleum market at a crossroads: Price pressures, competition shifts, and the urgent call for structural reform
Ghana’s downstream petroleum industry has grown into one of the most competitive and complex fuel markets in Africa. Over the past decade, reforms, private participation, and steady investments have redefined the way petroleum products are sourced, distributed, and sold across the country. With more than one hundred and eighty licensed Oil Marketing Companies(OMCs) operating from...