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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...

Fuel prices set to reduce in second half of August – IES

The Institute for Energy Security (IES) has announced that fuel prices in Ghana will see some reduction in the...

Let’s stop the politics with petroleum pricing —NPA boss to media

The Chief Executive Officer of the National Petroleum Authority (NPA) Dr Mustapha Hamid is urging the media to...

28 OMCs failed to pay taxes worth GHS226.9million between 2018 and 2019 – Audit Report

A report released by the Auditor General’s Department has said that 28 Oil Marketing Companies (OMCs) failed to...

Petroleum Pricing Not NPP nor NDC Matter – NPA

The National Petroleum Authority (NPA) on Wednesday, August 11 2021, organized a one-day workshop for media...

I’m coming to solve TOR problems – New MD

Newly appointed Managing Director of Tema Oil Refinery (TOR), Edward Boateng is expressing his readiness of...

Edward Boateng heads TOR

President Akufo-Addo has appointed Ghana’s former Ambassador to China, Edward Boateng, as Managing Director of...

Ghana: My Commitment Towards Clean Energy Technology Unshakable-Energy Minister

Ghana’s Minister for Energy, Dr Matthew Opoku Prempeh says his commitment towards clean energy technologies, of...

Government is committed to implementing Cylinder Recirculation Model – NPA CEO

The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has...

Safety will always be a fundermental business practice — AOMCs Board of Governor

Chairman of the Board of Governors of Association of Oil Marketing Companies (AOMCs), Mr Henry Akwaboah, says the association is ensuring the safety of workers and customers at the pumps and other workplaces. He said safety will always be a fundamental business practice that the association takes seriously. Mr Akwaboah was speaking at the launch...

Association of Oil Marketing Companies launches annual safety week

The Association of Oil Marketing Companies has launched its fifth annual safety week to educate and remind industry players to keep to their safety measures to make it congenial for their customers. It was also the springboard for them to review their performance in the past two years in the face of the coronavirus pandemic...

OMCs can’t fix fuel prices higher than NPA’s schedule — AOMC

The Association of Oil Marketing Company (AOMC) has disclosed that Oil Marketing Companies (OMCs) cannot fix fuel prices higher than the scheduled price build up from the regulator, the National Petroleum Authority (NPA) under the deregulation policy. Mr Kwaku Agyemang-Duah, Executive Director of the AOMC said there was a scheduled price build-up from the NPA...

Exxonmobil’s withdrawal is lack of confidence in parochial Akufo-Addo’s gov’t – Minority

The Minority in Parliament says lack of confidence in the Nana Akufo-Addo-led government is the reason why ExxonMobil has withdrawn its interest in Ghana’s Deep Water Cape Three Point. ExxonMobil said it is unwilling to enter an extension of the contract originally signed in 2018. It stated its decision in a letter to Ghana’s Energy...

Fuel prices at pumps to marginally increase in June – IES predicts

The Institute for Energy Security (IES) is predicting a marginal increase in fuel prices at the pumps in Ghana in the first pricing window of June 2021. The price of fuel on the local market remained stable in May despite an expected marginal increase by the Oil Marketing Companies (OMCs) at the start of the...

Ibistek introduces newly built Takoradi Oil Jetty to CBOD members

Ibistek Limited, an engineering consultancy firm, has introduced the newly built Takoradi Oil Jetty to members of the Ghana Chamber of Bulk Oil Distributors. The automated jetty was constructed following a concessional agreement between the Ghana Ports and Harbours Authority and Ibistek Limited. The project is part of an expansion programme led by Ibistek Limited...

AOMC marks six years of deregulation of petroleum pricing

The Association of Oil Marketing Companies (AOMC), has marked six years of the deregulation policy of petroleum product pricing in the country, which started fully on June 15, 2015. Mr Kwaku Agyemang-Duah, AOMC Executive Director explained that the issue of the pricing of petroleum products had dominated public discourse and policy contestations for years as...

Gas production experiences significant rise – PIAC Report

Gas production experienced a significant rise in 2020 with a total production of 237,962.82 MMSCF of Associated Gas (AG) and Non-Associated Gas (NAG), the 2020 Public Interest and Accountability Committee (PIAC) Annual Report has said. The increase in production was about 40 per cent over the 2019 volume of 169,508.61 MMSCF of raw gas produced...

Petroleum Hub project phase one completed

As part of the preparation of spatial plans for the siting of the Ghana National Petroleum-Hub project in the Jomoro Municipality, the Land Use and Spatial Planning Authority(LUSPA), the Ministry of Energy and the Jomoro Municipal Assembly, have completed phase one of the project. The first phase land-use plan covers two main towns, Old Kabenla...