… stream Petroleum Value Chain,” brought together the Chief Executive of the National Petroleum Authority (NPA), chief executives of key industry players, representatives of security agencies, the Ghana Chamber of Bulk Oil Distributors (CBOD), the Chamber of Oil Marketing Companies …
… According to the statement, the Chamber of Oil Marketing Companies has recommended the use of real-time fuel tracking systems, including Automatic Tank Gauging technology, routine stock reconciliation and stricter monitoring of depot and refinery movements. …
The Chief Executive Officer of the Chamber of Oil Marketing Companies says recent fuel price increases reflect rising international crude and refined product prices, not increased margins by OMCs. OMCs pass on costs from Bulk Distribution Companies to consumers and cannot continue absorbing rising costs without affecting their businesses.
The Chief Executive Officer of the Chamber of Oil Marketing Companies says recent fuel price increases reflect rising international crude and refined product prices, not increased margins by OMCs. OMCs pass on costs from Bulk Distribution Companies to consumers and cannot continue absorbing rising costs without affecting their businesses.
The Chamber of Oil Marketing Companies is calling on the government to remove taxes on liquefied petroleum gas, which currently account for 16 to 18 percent of retail price. The board chairman warned that geopolitical tensions are likely to trigger further price increases and argued that eliminating these taxes could boost LPG consumption by 20 to 25 percent.
The National Petroleum Authority's CEO called for closer collaboration among governments, regulators and private sector players to build a resilient energy sector, citing global geopolitical tensions, climate change and shifting energy markets. He reaffirmed the Authority's commitment to transparent regulation, fuel quality assurance and positioning Ghana as a competitive petroleum hub in West Africa.
The National Petroleum Authority's Chief Executive called for stronger collaboration among governments, regulators and private sector players to build a resilient and sustainable energy sector, saying global geopolitical tensions, climate change and changing energy markets require countries to adopt stronger partnerships to protect energy security while promoting economic growth.
Star Oil and GOIL have increased petrol prices to GH¢13.67 and GH¢13.88 per litre respectively, with diesel also rising significantly. The increases align with industry projections and price floors set by the National Petroleum Authority.
Some Oil Marketing Companies have begun raising petroleum product prices at the pumps, with Star Oil selling petrol at GH¢13.67 and diesel at GH¢16.27, and more OMCs expected to adjust prices in response to market developments driven by geopolitical tensions.
Zeepay Ghana Limited has announced it is working closely with the Bank of Ghana and relevant stakeholders following the revocation of its Dedicated Electronic Money Issuer licence on July 14, citing breaches of regulatory requirements including failure to maintain required cash backing for issued electronic money.
The Digital Chamber of Ghana has endorsed the Bank of Ghana's decision to revoke Zeepay Ghana Ltd's Dedicated Electronic Money Issuer licence, assuring the public that the regulatory action does not undermine stability of the country's digital payments ecosystem. The Chamber said it is working with the central bank to protect affected customers, agents and merchants while minimizing disruptions.
Oil marketing companies expect petrol to sell for about GH¢14.52 per litre and diesel for around GH¢16.00 per litre from July 16, 2026, driven by renewed geopolitical tensions pushing up international crude oil prices and a slight weakening of the cedi.
The Digital Chamber of Ghana has backed the Bank of Ghana's decision to revoke Zeepay Ghana Ltd's Dedicated Electronic Money Issuer licence, assuring the public that the country's digital payments ecosystem remains stable and pledging to work with the Central Bank to protect affected customers, agents and merchants.
Dr. Riverson Oppong, CEO of the Chamber of Oil Marketing Companies, says petroleum product prices will be reduced at pumps from July 16, 2026, based on international market developments and cedi stability over the past month.
Fresh tensions between the United States and Iran are shaking global oil markets and exposing Ghana's fuel industry to sharp price swings. The Chamber of Oil Marketing Companies CEO says falling prices pose particular challenges for fuel dealers managing their revenues amid geopolitical uncertainty.
Oil Marketing Companies have begun reducing fuel prices following industry projections and NPA price floor announcements. GOIL has cut petrol from GH¢13.87 to GH¢12.79 per litre and diesel from GH¢15.95 to GH¢15.35 per litre, with other major players expected to follow.
Oil Marketing Companies including GOIL and Zen Petroleum have reduced petrol and diesel prices in line with Ghana's bi-weekly fuel price review, following the National Petroleum Authority's announcement of lower price floors for the June 16–30 pricing window.
The Chief Executive Officer of the Chamber of Oil Marketing Companies says easing tensions between Iran and the United States could sustain recent declines in global crude oil prices and push them below $80 per barrel. Crude oil prices have dropped from about $110 to $97 per barrel this month, attributed to weaker Chinese imports, record-high US oil exports, and strategic petroleum reserve releases.
Petrol, diesel, and LPG prices are projected to drop significantly during the second pricing window of June, with petrol expected to fall by up to 9.31% to around GH¢14.72 per litre. The decline is attributed to falling global oil prices, though cedi depreciation has limited the extent of the cuts.
Some Oil Marketing Companies have begun increasing petroleum product prices from June 1, 2026, in line with the bi-weekly price review under the deregulation policy. Star Oil raised petrol to GH¢15.20 per litre, matching the National Petroleum Authority's price floor, while the Chamber of Oil Marketing Companies projects petrol could rise 4.20–6.20%.
The Chamber of Oil Marketing Companies projects petrol prices will increase by 4.2% to 6.2% and LPG by up to 2.24%, while diesel is expected to decline by 1.65% to 2%. COMAC attributed the mixed movements to international market developments and ongoing government-industry interventions on fuel pricing.
Petrol prices are expected to rise between 4.20% and 6.20% to GH¢15.92 per litre, LPG to increase by 2.24% to GH¢17.30 per kilogramme, and diesel to decline between 1.65% and 2.00% to GH¢17.21 per litre from June 1, 2026, according to the Chamber of Oil Marketing Companies. The mixed price movements are attributed to lower global prices and continued Government-Industry interventions, with the joint measure's intervention zeroed out for petrol and reduced to GH¢1.07 for diesel.
The Ministry of Fisheries and Aquaculture is intensifying safeguards for Ghana's premix fuel subsidy system to ensure benefits reach genuine fisherfolk. The Chamber of Oil Marketing Companies met with the Minister to address concerns over diversion, hoarding, and misuse of subsidized fuel that was intended to support small-scale fishers and canoe operators.
Petrol is expected to increase by 5.29–7.30% to GHC 15.42 per litre, diesel by up to 7.30% to GHC 17.83 per litre, and LPG by 3% to GHC 17.10 per kilogramme, driven by higher international oil prices and cedi depreciation of 0.95% against the US dollar in the May 16 pricing window.
JP Trustees has launched Phase Two of the 24-Hour Economy Pilot Programme in Ghana's petroleum downstream sector at its JP Spintex Service Station, with the aim of boosting productivity and job creation through extended operational hours within the fuel retail value chain.
Petrol and diesel prices are expected to increase from May 16, 2026, even if the government extends its current intervention programme. With extension, petrol could rise by 2.5–3% to around GH¢14.50 per litre and diesel by 1.8% to about GH¢16.50; without extension, petrol could reach GH¢15.80 and diesel GH¢18.05, according to the Chief Executive Officer of the Chamber of Oil Marketing Companies.
The Institute of Economic Research and Public Policy has raised alarm over what it says are massive revenue leakages in Ghana's petroleum sector, reporting that more than 200 million litres of fuel cannot be accounted for between 2020 and 2025, resulting in tax revenue losses exceeding GH¢600 million. The institute cites weak monitoring systems at ports and throughout the petroleum distribution chain and calls for stricter enforcement, including real-time fuel tracking systems.
Oil marketing companies including Star Oil and Goil have reduced petrol and diesel prices in line with price floors announced by the National Petroleum Authority, with petrol set at GH¢13.25 per litre and diesel at a floor of GH¢14.30 per litre.
From May 1, 2026, petrol and diesel prices in Ghana are set to fall, with diesel dropping 6.77% to around GH¢15.87 per litre, while LPG is expected to rise 10.41% per kilogramme. The Chamber of Oil Marketing Companies attributes the decline to falling international crude prices and government–industry interventions, though the LPG increase reflects delayed effects of the current tender arrangement.