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Fuel prices decline; litre of petrol going for GHC12.80

As of November 17, 2023, several Oil Marketing Companies (OMCs) have initiated a reduction in the prices of petroleum products at the pumps. TotalEnergies...

IES forecasts stable fuel prices for Nov. 2023 despite cedi depreciation

The Institute for Energy Security (IES) has forecasted that the upcoming pricing window, commencing on November 1, 2023, is unlikely to witness any changes...

Petrol, diesel, liquified petroleum gas expected to reduce between 2% and 6%

The Institute of Energy Security has forecasted a slight decline in fuel prices at gas stations starting from October 16, 2023, as the second...

COPEC forecasts minor reduction in fuel prices starting October 16

Fuel prices are expected to decrease nationwide starting from Monday, October 16, 2023, according to the Chamber of Petroleum Consumers (COPEC). On Friday, October 13...

7 OMCs charged by NPA for illegal distribution of fuel

The National Petroleum Authority (NPA) has imposed sanctions on seven Petroleum Products Marketing Companies (PPMCs) for engaging in the illicit distribution of petroleum products. These...

COPEC projects no change in petrol prices in October first pricing window

The prices of petroleum products are expected to stay steady throughout the month of October. Projections from the Chamber of Petroleum Consumers (COPEC) indicate...

Tanker drivers threatened by local delivery of Sentuo Oil

The Tanker Drivers Union has expressed concern about the potential threat to their business if the Chinese refinery, Sentuo Oil, persists in unloading fuel...

Cost of fuel will not change in September’s first pricing window

The first two weeks of September should see no rise in fuel costs, according to the Institute for Energy Security. The Institute claims that this is a result of the drop in the price of petroleum products on a global scale. Another major factor mentioned was the Ghana cedi's recent appearance of stability in the second pricing window of August 2023. “The various finished petroleum products as monitored on the Standard & Poor (S&P) Platt platform within the past window exhibited the following...

Gold for oil policy can’t check changes in world fuel market price – BOST

Managing Director of Bulk Oil Storage and Transportation (BOST), Edwin Provencal, has noted that the government's gold for oil policy is unable to shield...

SOEs can generate revenue, pay dividends with an appropriate mindset – Energy minister

Minister for Energy, Dr. Matthew Opoku Prempeh, has noted that State-Owned Enterprises (SOEs) can produce revenues, distribute dividends, and significantly contribute to the government's...

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