The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has urged the government to prioritise strategic investment in the Tema Oil Refinery (TOR) as a long-term solution to Ghana’s recurring fuel price volatility. According to Mr. Amoah, Ghana’s continued exposure to international fuel price fluctuations is largely due to inadequate investment in...
Category: News
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NPA raises price floor for Feb. 16 window; petrol up to GH¢10.24, diesel pegged at GH¢11.34
The National Petroleum Authority (NPA) has increased the minimum price levels for petroleum products for the second pricing window of February 2026. The new price floor takes effect from February 16 to 28, 2026. Under the directive, no Oil Marketing Company (OMC) is permitted to sell petrol below GH¢10.24 for the next two weeks. This...
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GODAC Secures CTVET Accreditation as Technical Training Centre of Excellence
Ghana Oil Drilling Academy and Consultancy (GODAC) has been officially accredited by the Commission for Technical and Vocational Education and Training (CTVET), earning recognition as a Centre of Excellence in Technical and Vocational Education and Training.The accreditation positions the East Legon–based institution as a certified provider of structured technical programmes, enabling students to complete full...
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COMAC Projects Marginal Fuel Price Increases for Second February Pricing Window
The Chamber of Oil Marketing Companies (COMAC) has projected marginal increases in the ex-pump prices of petroleum products for the second pricing window of February 2026.According to COMAC’s latest outlook report, petrol prices are expected to rise by 1.97 percent, diesel by 2.73 percent, and liquefied petroleum gas (LPG) by 3.26 percent. The projected hikes...
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COMAC Directs OMCs to Strictly Adhere to New Fuel Price Floors for February 16–28 Window
The Chamber of Oil Marketing Companies (COMAC) has directed all Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to strictly adhere to the approved ex-pump price floors for the second petroleum pricing window of February 2026. A formal notice signed by the CEO of COMAC Dr. Riverson Oppong, Directs OMCs to Strictly Adhere to...
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BOST Energies Names Nat Salifu Acheampong as Deputy Managing Director
BOST Energies has appointed Mr. Nat Salifu Acheampong as its new Deputy Managing Director.His appointment comes on the back of the reassignment of the former Deputy Managing Director, Ms. Adwoa Sarwaa Bondzie, who has been elevated to serve as Acting Executive Secretary of the Energy Commission Mr. Acheampong has been with BOST Energies for over...
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Strong CIT Inflows Signal Ghana’s Petroleum Sector Profitability-Ben Nsiah
The addition of more than US$200 million in Corporate Income Tax (CIT) and accrued interest to Ghana’s Petroleum Fund has been described as a significant boost to the country’s oil revenue at a time when crude oil earnings are under pressure.Benjamin Nsiah, Executive Director of the Centre for Environmental Management and Sustainable Energy (CEMSE), says...
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Kosmos Energy Reaffirms Long-Term Commitment To Ghana’s Oil Growth
The Chief Executive Officer of Kosmos Energy, Andrew G. Inglis, has reaffirmed the company’s long-term commitment to Ghana’s upstream petroleum sector following a high-level meeting with President John Dramani Mahama. According to Inglis, discussions centered on boosting crude production, strengthening operational efficiency, and creating sustainable economic value through continued collaboration.“We spoke about our shared commitment...
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Fire officers contain gas leakage at virgin petroleum station in Budumburam, near Accra
Firefighters from the Weija Fire Station on Wednesday, 11th February 2026, swiftly contained a gas leakage at Virgin Petroleum Company Limited, Buduburam.The crew, responded promptly at 1356 hours to a distress call, arriving in good time to prevent a potential fire or explosion Upon arrival, firefighters immediately evacuated workers, contractors, and nearby residents, secured the...
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Puma Energy, Hass Petroleum Partner to Distribute Lubricants in DRC
Puma Energy, a leading downstream energy company, has entered into a lubricant distribution partnership with Hass Petroleum Group to expand its footprint into the Democratic Republic of Congo (DRC). The agreement, signed at the Investing in African Mining Indaba conference in Cape Town, marks the first time Puma Energy’s lubricant brand will be introduced into...