From Reaction to Prevention: Rethinking Safety in the Downstream Sector
The Ghana Chamber of Bulk Oil Distributors (CBOD) participated in the Chamber of Oil Marketing Companies (COMAC) Safety Week 2026, where the Chief Executive Officer, Dr. Patrick K. Ofori, delivered a keynote address at the official launch of the programme. Speaking on the theme, “Managing Risk Before It Becomes an Incident,” Dr. Ofori emphasised that […]
Market Outlook – 1st to 15th April 2026 Pricing Window
Crude and Refined Products Price Review and Outlook The price of crude in the international market has witnessed an unprecedented surge since 28th February, when the US and Israel jointly attacked Iran. Crude prices have since then escalated to their highest in years due to the continual attacks on oil refineries and other storage infrastructure […]
Market Outlook – 16th to 28th February 2026 Pricing Window
Crude and Refined Products Price Review and Outlook International crude oil prices increased by about 5.19% in the 27th January to 11th February 2026 pricing window, with benchmark prices surpassing USD70/bbl for the first time in seven months. The increase was largely driven by escalating tensions between the Trump’s administration and Iran, following protests in […]
Market Outlook – 16th to 30th January 2026 Pricing Window
Crude Oil and Refined Products Market Review and Outlook Global crude oil prices fell sharply in 2025 driven by economic and geopolitical factors that affected demand and supply dynamics in the international market. As a result, average crude oil prices declined by about 14% in 2025 from an average of USD81.03/bbl in 2024 to an […]
Surge in Fuel Prices: A Look at the 2020-2024 Period
Over the past four years, fuel prices in Ghana have undergone a dramatic surge, affecting households, businesses, and the overall economy. Pump prices for petrol and diesel have risen sharply, with petrol increasing by approximately 150% and diesel by nearly 200% from 2020 to 2024. In 2020, petrol and diesel pump prices averaged below GHS5/Ltr. […]
Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms
The deputy Energy Minister, Andrew Egyapa Mercer, has confirmed that the initial consignment of 40,000 tons of oil brought into the country under the Gold-for-oil policy was purchased with cash and not gold as widely claimed by the Vice President, Dr Mahamudu Bawumia. His disclosure comes after several calls by Industry experts such as the […]
Cost of fuel: Ghanaians must pay fair market prices – PUMA Energy President
The Head of Africa for petroleum Giant PUMA Energy, Fadi Mitri has argued that to ensure the constant supply of petroleum products on the Ghanaian market, consumers must be made to pay the fair market prices. The Government of Ghana in the wake of liquidity challenges and the depleting foreign reserves of the country is […]
Government must be modest in its promise of getting affordable fuel -Senyo Hosi
The former Chief Executive of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi, has urged government to be modest about its promise to get affordable petroleum products to the Ghanaian market. His comments come on the back of information that a government of Ghana delegation is currently in Abu Dhabi negotiating a deal to […]
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 this month. According to COPEC, prices of the products may go up by 3.7% and 2.5% respectively, in the 1st Pricing Window of January 2022. In nominal terms, COPEC insisted that ex-pump prices of petrol and […]
