The CEO of the Ghana Chamber of Oil Marketing Companies, Dr Riverson Oppong, has rejected claims that the National Petroleum Authority (NPA) has scrapped fuel discounting. He insists the regulator has only corrected what he describes as a long-standing error. Speaking on JoyNews’ PM Express on Wednesday, he said the public narrative around the directive...
Category: News
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National Petroleum Authority Orders Uniform Fuel Pricing Across All Retail Outlets from March 16
The National Petroleum Authority (NPA) has introduced sweeping new measures requiring Oil Marketing Companies (OMCs) to apply uniform fuel prices across all their retail stations nationwide beginning March 16. The directive forms part of efforts to strengthen regulatory oversight, enhance transparency, and eliminate inconsistencies within Ghana’s downstream petroleum sector. No More Selective Discounts Under the...
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COMAC Warns of Higher Petroleum Product Prices
igher petroleum product prices could confront Ghanaian consumers if the conflict between the United States, Israel and Iran persists, the Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, has cautioned. Although he dismissed fears of imminent fuel shortages on the local market, Dr Oppong stressed that sustained geopolitical instability...
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Ministry of Energy and Green Transition Moves to Secure Fuel Supply Amid Middle East Tensions
Government has reaffirmed its resolve to protect Ghana’s energy supply chain following heightened geopolitical tensions in the Middle East that have unsettled global oil markets.The assurance comes after escalating military exchanges involving Israel, Iran, and the United States, raising concerns about broader regional instability. The situation has been compounded by the reported closure of the...
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GOIL -JETRO Explore Energy Infrastructure Collaboration
The Group CEO & MD of GOIL PLC, Mr. Edward Abambire Bawa, has hosted a three-member delegation from the Japan External Trade Organization (JETRO) at GOIL’s Head Office in Accra.The JETRO team was led by its Director-General, Mr. Tsubasa Nakagawa.Key discussions centred on potential collaboration in the development of LPG storage infrastructure and the rollout...
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Government Urged to Cushion Rising Fuel Prices with Petroleum Funds
nergy and Associates Ghana has called on government to consider deploying the Ghana Petroleum Funds to cushion consumers against temporary spikes in pump prices, warning that rising crude oil prices could trigger a fresh cost-of-living crisis. In a statement signed by its Director of Operations, Research and Communication, Ibrahim Kwame Baidoo, the policy think tank...
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Kosmos Reports Increase in Jubilee Reserves After License Extension
osmos Energy has reported an increase in Jubilee 1P and 2P reserves, reinforcing the long-term production outlook of Ghana’s flagship offshore oil field following recent license extensions and expanded drilling activity. In its Fourth Quarter 2025 and Post Quarter End Highlights, Kosmos Energy confirmed that it has realized higher proved (1P) and proved plus probable...
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Strait of Hormuz Disruption Could Push Ghana’s Pump Prices Higher – Expert Warns
Strait of Hormuz disruption could trigger swift increases in fuel prices in Ghana, an energy law expert has warned, as global markets react to escalating tensions in the Middle East. While authorities insist that domestic fuel stocks remain adequate, analysts say the real risk lies in rising international crude and refined product prices.Energy law specialist...
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NPA raises fuel price floor for March 1 window; petrol now GH¢10.46, diesel GH¢11.42
The National Petroleum Authority (NPA) has announced new minimum price levels for petroleum products for the first pricing window of March 2026, effective March 1–15. Under the revised price floor, petrol will increase from GHC 10.24 in the February 16 window to GHC 10.46 per litre, while diesel rises from GHC 11.34 to GHC 11.42....
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OPEC+ approves hike in oil production as Gulf crisis escalates
OPEC+ has agreed in principle to a slightly larger increase in oil production next month as a conflict sparked by US-Israeli strikes on Iran threatens to push crude prices higher. Key members, led by Saudi Arabia and Russia — which had paused a series of hikes during the first quarter — are set to add...