Dr Riverson Oppong — Chief Executive Officer of the Chamber of Oil Marketing Companies commenting on Ghana's fuel price movements and geopolitical market impacts.
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, says recent increases in fuel prices at the pumps are a direct result of rising international market costs and not increased margins by Oil Marketing Companies (OMCs). …
The Chief Executive of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has revealed that prices of petroleum products will be reduced at the pumps from July 16, 2026. …
Renewed tensions between the United States and Iran after the collapse of peace efforts are keeping Ghana’s fuel market on edge, with uncertainty in the Middle East continuing to threaten price stability, according to the CEO of COMAC, Dr Riverson Oppong. …
… Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, says the renewed uncertainty is making it increasingly difficult for fuel dealers to protect their revenues, especially when prices fall suddenly. …
… Chief Executive of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, had earlier indicated that not all OMCs would immediately adjust their prices despite the favourable industry outlook. …
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has expressed optimism that easing tensions between Iran and the United States and a possible agreement could sustain the recent decline in global crude oil prices and push them be …
… The Chamber of Oil Marketing Companies, led by its Chief Executive Officer, Dr. Riverson Oppong, paid a courtesy call on the Minister for Fisheries and Aquaculture, Emelia Arthur, to discuss growing concerns over the diversion, hoarding, and misuse of subsidized premix fuel. …
… serve as a template for other oil marketing companies to follow, adding that “GOIL isn’t leading the industry only in volumes sold, but in real leadership initiatives such as we are witnessing today.” Other stakeholders, including the Chief Executive of COMAC, Dr Riverson Oppong …
… serve as a template for other oil marketing companies to follow, adding that “GOIL isn’t leading the industry only in volumes sold, but in real leadership initiatives such as we are witnessing today.” Other stakeholders, including the Chief Executive of COMAC, Dr Riverson Oppong …
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.
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.
Renewed tensions between the United States and Iran are keeping Ghana's fuel market volatile and threatening price stability, according to COMAC CEO Dr Riverson Oppong. The uncertainty in the Middle East continues to expose Ghana's downstream petroleum sector to significant risks as fuel prices swing on the international market.
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 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.
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 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.
GOIL PLC has launched its HSSEQ Week 2026, themed "Promoting a Positive Psychosocial Working Environment," bringing together staff, regulators, and industry stakeholders to highlight physical and mental well-being in the workplace. The initiative aims to deepen awareness, strengthen safety culture, and address emerging psychosocial risks.
GOIL PLC has launched its 2026 HSSEQ Week themed "Promoting a Positive Psychosocial Working Environment" to highlight the importance of physical and mental well-being in the workplace. The week-long celebration brings together staff, regulators, and industry stakeholders to deepen awareness, strengthen safety culture, and address emerging psychosocial risks.