The CEO of the National Petroleum Authority (NPA), Godwin Edudzi Tamaklo, has signalled that Ghana could see high-level intervention if fuel prices continue to surge, with discussions potentially escalating to the Presidency. Speaking on PM Express on Joy News, he indicated that current market conditions are being closely monitored, but tougher decisions may be required...
Category: News
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COMAC CEO Assures Stable Fuel Supply Despite Middle East Tensions
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has assured Ghanaians of continued stability in the supply of petroleum products despite escalating tensions involving Iran, Israel, and the United States in the Gulf region.Speaking on State of Affairs on GHOne TV, Dr. Oppong downplayed the potential impact of...
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A levy Without Justification: Why the GH¢1 Energy Levy Must Be Withdrawn
The fiscal justification for the GH¢1 per liter levy on petrol and diesel, introduced in the heat of the 2025 mid-year window, has evaporated. While the Minister of Finance argued in June 2025 that a drastic decline in global prices meant consumers could “assist” the government by paying an extra levy, the reality of March...
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PHDC Prioritises Safety As It Organises Fire Training For Management and Staff
The Petroleum Hub Development Corporation organised a fire prevention and safety training for its staff on Friday, March 13, 2026, as part of ongoing efforts to strengthen workplace safety and operational preparedness. Facilitated by ADO I. Shem Agbetor of the Ghana National Fire Service, the training aimed to equip employees with essential knowledge and practical...
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Gov’t to ban gas cylinder importation – Energy Minister
OThe Minister of Energy and Green Transition, Dr John Jinapor, has told Parliament that the government intends to “eventually” ban the importation of gas cylinders into the country.He said once the ban was in place, the ministry would insist that all cylinders and canisters be procured locally. To achieve that, he said the ministry was...
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Ghana Launches New LPG Vessel to Strengthen Energy Supply Chain
ULSAN, South Korea. On Thursday, March 12, the Chief Executive Officer of the Tema Oil Refinery Edmund Kombat joined president John Mahama, senior government officials, and downstream energy industry leaders to launch the Sahara LPG vessel MT Asharami Ghana in Ulsan, South Korea.The vessel, owned by Sahara Group, is expected to significantly improve liquefied petroleum...
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Chevron Reiterates Commitment to Development of the Niger Delta
Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National petroleum Company Limited (NNPCL) and CNL confirms its commitment to socio-economic development in the Niger Delta. CNL has demonstrated interest in stakeholder discussions in respect of the proposed Escravos to Warri Road Project and continues to partner with the Niger Delta Development...
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COMAC Projects Sharp Rise in Fuel Prices for Second March Pricing Window
The Chamber of Oil Marketing Companies (COMAC) has projected significant increases in ex-pump prices of petroleum products during the second pricing window of March.According to COMAC’s latest pricing outlook, petrol, diesel, and liquefied petroleum gas (LPG) prices are expected to rise by 16.93%, 17.21%, and 11.26% respectively. Global crude oil surge drives increasesThe projected hikes...
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NPA Sets New Fuel Price Floors for March Second Pricing Window
The National Petroleum Authority (NPA) has announced new fuel price floors that are expected to push petroleum product prices higher across the country during the second pricing window of March. The revised minimum price thresholds will take effect from March 16 to March 31, setting new benchmark prices for petrol, diesel and liquefied petroleum gas...
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Crude oil price to average $70 per barrel in 2026 if… – Fitch
Ratings agency, Fitch is raising its 2026 annual average crude oil price forecast to US$70 a barrel from US$63 (Brent). According to the UK-based firm, it assumes that the Strait of Hormuz remains effectively closed for about a month. However, it anticipates oil prices falling to the mid-US$60s by the second-half of 2026. “We raised...