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Market Outlook – 1st to 15th May 2026 Pricing Window

Crude and Refined Products Price Review and Outlook     International crude oil prices plummeted...

Matrix Terminals will boost Ghana’s LPG security – Senyo Hosi

The CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi has lauded Nigeria’s Matrix Energy...

Fuel prices may go up by 3.7% this month – COPEC predicts

The Chamber of Petroleum Consumers (COPEC) has hinted that prices of petrol and diesel are expected to go up...

BOST to upgrade depots, expand pipeline capacity in 2022

The Bulk Oil Storage and Transportation Company Limited (BOST) says it will in 2022 continue with the upgrade of...

Fuel prices to go up in January by 18pesewas – IES

Fuel prices at the pumps will see a marginal increase in the first pricing window of January 2022. This is as a...

GOIL to lose GH¢9M monthly over fuel price reduction, it’s not sustainable – COPEC

The Chamber of Petroleum Consumers (COPEC) is worried that the directive to GOIL to reduce fuel prices could...

GOIL withdraws from Association of OMCs over accusations of government interference in fuel price review

The GOIL Company Limited (GOIL) has with immediate effect withdrawn its membership from the Association of Oil...

‘We weren’t directed by government to reduce our fuel prices by 15p’ – GOIL

Ghanaian oil marketing giant, GOIL, has refuted suggestions that its latest 15 pesewas price reduction on petrol...

Government directs GOIL to reduce price of fuel after meeting with transport unions

Government has directed the Ghana Oil Company (GOIL) to reduce price of fuel at the pumps effective Tuesday...

CBOD calls on government to fix deplorable road network in petroleum management and storage area in Tema

The Ghana Chamber of Bulk Oil Distributed (CBOD) is calling on government to urgently rehabilitate and properly maintain the road network in and around the petroleum storage management industrial area in Tema. The main road to the area is a 7.2 kilometre single carriageway, which is meant to facilitate service delivery by industry giants like...

Fuel increments introduce significant cost burden on the average Ghanaian – ACEP

The Africa Centre for Energy Policy (ACEP) Wednesday said the prices of a litre of petroleum products have increased by about 33 per cent this year. The Centre said these increments introduced significant cost burden on the productive sector and the average Ghanaian. Mr Benjamin Boakye, the Executive Director of ACEP, said addressing that would...

Fuel price hikes will continue – IES

The Institute for Energy Security (IES) is worried government may not have an immediate solution to the consistently rising fuel prices at the pump. The prices have been on a steady rise since April 2021 leading to complaints about hardships from Ghanaians. Currently, a litre of petrol and diesel is selling at GH¢6.80 at the...

Nothing will change about fuel prices – CEO of Bulk Oil Distributors

The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi, has indicated that there is no prospect for reduction in fuel prices in the country. Speaking on JoyNews’ Newsfile on Saturday, October 16, 2021, he argued that, since Ghana is not a lead exporter of crude oil on the international market...

CBOD commends Energy Ministry and NPA response to petition on implementation of local content and Ghanaian participation policy

The Ghana Chamber of Bulk Oil Distributors (CBOD) has commended the Ministry of Energy, and the National Petroleum Authority (NPA) on steps taken to address the chambers’ concerns over the delayed implementation of the government’s policy on local content and Ghanaian participation in the downstream petroleum sector. CBOD petitioned the NPA earlier in October requesting...

IES projects fuel price increase in second pricing window of October

The Institute for Energy Security (IES) has projected the prices of fuel at the local pumps to go up in the second pricing window of October. This is because of the 6.89 percent increase in the price of the International Benchmark- Brent crude, the 6.54 percent increase in price of Gasoline, the 3.49 percent increase...

Senyo Hosi awarded for contribution to excellent citizen experience in Ghana

Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi has been honoured by Customer Experience Professionals Ghana (CXPG), as one of the most outstanding personalities pushing for excellent citizen experience in the country. The award was conferred on Mr. Hosi as part of the annual CXP Ghana Conference in Accra...

Increase Petroleum Imports from Ghana — NPA Boss Appeals to sole Burkinabe Importer

In a bid to improve petroleum products trade between Ghana and Burkina Faso, the National Petroleum Authority (NPA) is reviewing the export and transit arrangements with Societe Nationale Burkinabe d’Hydrocarbures (SONABHY). SONABHY is the only institution mandated by law to import and distribute petroleum products in Burkina Faso. The review is to among other things...

Tema Oil Refinery must be privatized – Senyo Hosi

The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi says the Tema Oil Refinery (TOR), “a national liability”, should be privatized to stop it from continuing to be a drain on the Ghanaian economy. According to Mr. Hosi, the management of TOR must be reconstituted to comprise private individuals...