Moari Oil (18,368.76%), Veros Petroleum (4,300.00%), Wabendso Energies (3,288.48%), and Life Energy (3,181.48%) emerged as standout gainers.
LPG Market Performance
In the LPG segment, Annandale retained the top position with 18.9% market share, despite a slight dip in volumes from the previous year.First Gas rose sharply to 16.3%, taking second place, while Manbah Gas held third with 16.0%.
Mid-tier players Andev (8.3%), Mi Ty Gas (7.5%), and Trinity Oil (7.3%) recorded comparable volumes. Petrocell (6.9%) and Maxx Gas (6.4%) followed closely.
At the lower end of the top ten, Henos Energy (6.4%) achieved a strong breakthrough given its minimal volumes in 2024, while Midas Oil & Gas (6.0%) rounded out the list.
Bulk Oil Distribution Firms (BIDECs)
For the first half of 2025, Fuel Trade maintained its position as Ghana’s largest Bulk Import, Distribution and Export Company (BIDEC), expanding imports by 65.93% to 744.8 million litres.
Its strength lies in diversification — spanning gasoline, diesel, LPG, marine fuels, and power plant supply — making it the most dominant player in the sector. The fastest growth rates were recorded by Sage Distribution (82.49%), driven by LPG imports, and PWHS (289.86%), which scaled rapidly across gasoline and ATK.
Maranatha Oil (22.64%), Chase Petroleum (23.67%), and Cirrus Oil (10.52%) posted steady gains, consolidating their mid-tier positions.
In contrast, GoEnergy (-3.46%) and Blue Ocean (-10.86%) saw declines in volume and market share — trends reflected in their affiliated OMCs, GOIL and Puma Energy, during the same period.
The evolving landscape also underscored niche strategies: Astra Oil focused on power plant fuels with over 115 million litres, while Sage Distribution established itself as the leading LPG-focused BIDEC.
