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...
Category: Fuel Price
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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...
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NNPCL reduces fuel price after Dangote Refinery’s adjustment
The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price on Thursday. confirmed that NNPCL retail outlets in the Federal Capital Territory, Abuja, have reduced their pump price to N890 per litre from N945. This new fuel price has been reflected in NNPCL retail outlets such as mega station Danziyal Plaza,...
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Petrol, LPG Prices to Rise Slightly from August 16; Diesel to Drop
Petrol and liquefied petroleum gas (LPG) prices are expected to edge higher from August 16, while diesel will see a slight decline, according to projections from the Chamber of Oil Marketing Companies (COMAC). Pump prices for petrol are forecast to rise between 0.39 and 2.71 per cent per litre, with LPG increasing by as much...
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Russia’s Fuel Exports Plummeted in July
Russian seaborne fuel exports fell by 6.6% in July, primarily due to increased domestic demand and planned refinery maintenance. Recent Ukrainian drone strikes have damaged several Russian refineries, forcing them offline and potentially leading to a further decline in refined product shipments in August.The disruptions to refineries are expected to increase Russia’s crude oil exports...