The Minister for Energy and Green Transition, John Abdulai Jinapor, has revealed that government has initiated processes for the construction of a new Offshore Mooring Facility to address infrastructure challenges affecting Ghana’s downstream petroleum sector. During his visit to the National Petroleum Authority (NPA) on Wednesday, October 15, Dr Jinapor explained that the project would […]
The acting CEO of the National Petroleum Authority (NPA) has assured Ghanaians that NPA has sufficient fuel reserves to last beyond two months, despite ongoing global uncertainties. Godwin Edudzi Tameklo, speaking during a briefing with the Parliamentary Select Committee on Energy at Senchi on Saturday, revealed that the country currently holds over 200 million litres […]
The Minister for Energy and Green Transition, John Jinapor, has defended the newly approved GH¢1.00 petroleum levy, stating that this is the right time to impose it, as it is a prudent fiscal intervention necessary to stabilise the country’s energy sector. Speaking in an interview on Joy FM’s SMS on Wednesday, June 4, Mr Jinapor explained that […]
Consumers are bracing for mixed outcomes at the pumps as global fuel prices decline, but the local currency’s depreciation threatens to offset potential relief. Despite a steady drop in Brent crude prices and refined petroleum product costs on the international market, the Ghanaian Cedi’s 2.18% fall against the U.S. Dollar is keeping fuel prices volatile. […]
Petroleum product prices are expected to increase marginally at the pumps from Friday, January 17, 2025. This has been influenced by rising prices of crude oil on the international market and recent pressures on the cedi. The Cedi started 2025 on a losing streak, depreciating marginally by 0.38% to the US dollar in the retail […]
Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps from today, September 16, 2024. Star Oil Ghana is selling a litre of petrol at GH₵12.55, indicating a one cedi drop. This represents a 7.9 percent decline. The company is also selling a litre of diesel at GH₵13.27. This represents […]
The Cuban government has announced a five-fold increase in fuel prices as it struggles with shortages and a deepening economic crisis. It said that from February the price of a litre of petrol would rise from from 25 pesos ($0.20; £0.16) to 132 pesos. The government, which subsidises many goods, hopes this will help to […]
Some Oil Marketing Companies (OMCs) have begun reviewing prices of petroleum products downwards at the pumps from today. The expected price reduction should have commenced from last Saturday, April 1, 2023. GOIL is selling a litre of petrol at ¢12.65 and diesel for ¢12.84 pesewas respectively. Also, Star Oil is selling a litre of petrol […]
Fuel prices will fall between 2% and 9% for the third consecutive time from April 1, 2023 with Liquefied Petroleum Gas (LPG) expected to witness its biggest decline in recent times. According to the Institute for Energy Security, LPG will go down by about 9%, whilst petrol and diesel will witness between 2% and 5% […]
President Nana Addo Dankwa Akufo-Addo has appealed to manufacturers, traders and transport operators who increased the prices of goods and services at the height of the cedis’ depreciation to reduce them now that the cedi is regaining its strength. He urged Ghanaians to join the clarion call for price reduction, which he said was not […]
The Head of Consumer Services at the National Petroleum Authority (NPA), Eunice Budu Nyarko, has appealed to the public to purchase fuel only from filling stations with certification. She said stations with green Ghana Standards Authority (GSA) stickers were always the go-to places for petroleum products, since those stations were regularly monitored by the NPA […]
The Ghana Chamber of Bulk Oil Distributors (COBD) has forecasted an up to ¢1 per litre reduction in the price of petrol and diesel by April 1, 2022. This follows several engagements the COBD had with the Bank of Ghana (BoG) and stakeholders to fashion out interventions aimed at reducing the prices at the various […]
