While exchange rate volatility and global oil prices often dominate discussions around fuel price hikes in Ghana, industry data reveals another critical factor — inadequate infrastructure in the downstream petroleum sector. According to market analysts, inefficiencies in petroleum product storage and discharge facilities are creating hidden costs that are eventually passed on to consumers at...
Category: Fuel Price
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The Ghana Fuel Price Trap: Why Oil-Rich Doesn’t Mean Cheap Fuel Prices
Yakubu Adam, Graduate Student (Energy and Environmental Policy, Joseph Biden Jr. School of Public Policy & Administration, University of Delaware) Every Ghanaian at a fuel pump in recent months has asked the same question: why is fuel so expensive in an oil-producing country? The frustration is palpable for drivers, business owners, and households. We are...
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COMAC Urges Government to Stabilise Cedi Amid Rising Fuel Price Concerns
The Chamber of Oil Marketing Companies (COMAC) has successfully hosted the 2025 edition of its annual Petroleum Fun Games (PetFun) at the Burma Camp Sports Complex in Accra. Held under the theme “Beyond the Pump: Energizing Wellness, Unity, and Team Spirit,” the event brought together players from across Ghana’s downstream petroleum sector, including Oil Marketing...
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Fuel Prices Set to Rise in September’s Second Pricing Window due to cedi’s depreciation – COMAC
The Chamber of Oil Marketing Companies (COMAC) is projecting higher pump prices for petroleum products in Ghana during the second pricing window of September 2025.According to COMAC, petrol prices could rise between 3.66% and 5.85%, diesel between 2.23% and 4.32%, and LPG between 2.12% and 4.17%. Drivers of the Projected IncreaseCrude Oil Market Dynamics:COMAC says...
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Dangote starts free fuel distribution Monday
The Dangote refinery will start the free fuel distribution scheme on Monday, the PUNCH reports. The Dangote Group spokesman, Anthony Chiejina, told our correspondent in a statement that the scheme would start with the South West, the Federal Capital Territory, Abuja, Kwara, Delta, Rivers and Edo States. He added that the refinery has also dropped...
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CEMSE proposes removal of BOST margin to ease fuel cost burden
The Centre for Environmental Management and Sustainable Energy (CEMSE) has renewed calls for the government to scrap the BOST margin, arguing that it has become an unnecessary burden on consumers and businesses in Ghana. The levy, introduced to support the Bulk Oil Storage and Transportation Company (BOST) in maintaining storage and distribution infrastructure, has quadrupled...
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Brazil’s Petrobras lowers jet fuel prices by 3.7%
Brazilian state-run oil company Petrobras (PETR3.SA), opens new tab will lower the average price of jet fuel sold to distributors by 3.7%, or 0.13 real ($0.0240) per liter, starting September 1, the company said on Monday.Petrobras makes monthly alterations to its jet fuel prices based on factors including oil prices and currency exchange rates.
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Star Oil Maintains Fuel Prices for First Pricing Window of September
Accra, Ghana – September 1, 2025Star Oil, a leading player in Ghana’s downstream oil sector, has maintained the prices of its petroleum products for the first pricing window of September 2025.The decision comes amidst a cautiously balanced market outlook, as noted in the September report by the Chamber of Oil Marketing Companies (COMAC). The report...
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Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices
The prices of petroleum products at the pumps are set to increase from Monday, September 1, 2025, by margins of between 3% and 5% per litre, according to the Chamber of Oil Marketing Companies’ (COMAC) pricing outlook report. The report indicates that petrol will rise between 3.86% and 5.40% per litre, pushing the average pump...
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Energy Minister Launches Petroleum Legislative Review Committee to Drive Sector Reforms
Ghana’s Minister of Energy and Green Transition, Hon. John Abdulai Jinapor (MP), has inaugurated a new Upstream Petroleum Legislative Review Committee, underscoring government’s commitment to sweeping reforms in the petroleum sector. The committee has been tasked with a comprehensive review of the laws, policies, and operational practices guiding upstream petroleum activities, with the goal of...