The Chamber of Petroleum Consumers (COPEC) has dismissed reports suggesting a 20% hike in public transport fares set to take effect on Friday, August 8, 2025. In a press statement released Tuesday, August 5, COPEC clarified that its engagement with key transport unions, including the Ghana Private Road Transport Union (GPRTU), revealed no official confirmation...
Category: Fuel Price
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GOIL Maintains Fuel Prices for First Pricing Window of August 2025
Accra — August 1, 2025 GOIL PLC has announced that it will maintain existing pump prices for its range of fuel products in the first pricing window of August 2025, offering relief to motorists amid fluctuating global oil market trends. In a public notice issued to consumers, the company confirmed that there will be no...
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Shell profit dips as energy prices fall 31st July 2025
British energy giant Shell on Thursday said its net profit slid 23 per cent in the first six months of the year, hit by lower oil and gas prices. Profit after tax dropped to $8.4 billion compared with $10.9 billion in the first half of 2024, Shell said in an earnings statement. Group revenue dropped...
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FG eyes N796bn annually from 5% petrol surcharge 31st July 2025
The Federal Government may rake in N796bn annually from the introduction of a five per cent surcharge on locally produced and imported petrol, based on its new tax policy slated to take effect from January 1, 2026, an analysis by The PUNCH has revealed. The five per cent surcharge on refined petroleum products is contained...
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Energy Levies to Boost Power Stability but May Fuel Inflation and Transport – PwC
Professional services firm PwC has cautioned that while the recently revised Energy Sector Levies are poised to strengthen Ghana’s power supply and reduce sector debt, they also risk burdening consumers with higher fuel costs and rising inflation. In its analysis of the 2025 Mid-Year Budget Review, PwC highlighted the dual-edged impact of the Energy Sector...
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PetroChina approves new northeast refinery complex, sources say
July 25 (Reuters) – PetroChina (601857.SS), opens new tab has made the final investment decision to build a new multi-billion-dollar refinery and petrochemical complex in northeast China’s Dalian, following recent closure of a nearby old plant, according to a company official and two industry sources. The new complex comprises a 200,000-barrel per day crude oil...
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CSO Budget Forum Urges Time Limit on New GHS 1 Fuel Levy
Civil society actors are calling on the government to include a time-bound provision in the proposed Energy Sector Levy (Amendment) Bill, 2025, which seeks to introduce a GHS 1 charge on every litre of fuel purchased at the pump. At a recent Civil Society Organisations (CSO) Budget Forum ahead of the 2025 Mid-Year Budget Review,...
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Top 10 African Countries With the Lowest Diesel Prices in July 2025
The cost of diesel has long dominated the rhythm of everyday life in many African countries from the price of food on market shelves to the cost of moving products over thousands of kilometers. In recent months, however, a few African nations have seen minor drops in fuel costs, providing temporary respite to consumers, transport...
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Fuel Prices Surge as July 2025 Second Pricing Window Opens
Motorists across Ghana are facing steep increases at the pump as the second fuel pricing window for July 2025 takes effect. The hike comes on the back of the implementation of a new GH¢1 energy sector levy, popularly referred to as the D-Levy—which came into force on Wednesday, July 16, 2025. A market survey conducted...
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Ghana Implements Energy Debt Levy, Fuel Prices Surge to GH¢12.59 per Litre
Accra, Ghana – July 16, 2025 – Fuel prices across Ghana have surged following the official implementation of a new GH¢1 energy sector levy, commonly referred to as the “D-Levy”, aimed at addressing the country’s ballooning energy sector debt. The levy, which took effect today, is being enforced under the Energy Sector Levies (Amendment) Act...