Oil & Gas

Diesel Price Set To Fall, But LPG Price To Rise

All things being equal, the Institute for Energy Security (IES) predicts that diesel prices will fall slightly at the pumps starting tomorrow, November 16, 2022. However, the price of gasoline will remain unchanged, while the price of Liquefied Petroleum Gas will rise...

Fuel Prices to Reduce Next Week – COPEC

Fuel prices are expected to be reduced by Monday, November 14, 2022, according to the Chamber of Petroleum Consumers (COPEC). Fuel prices, including diesel and gasoline, have recently risen. Diesel is currently selling for more than GH23, while petrol is priced around...

Malawi Fuel Crisis Shows No Signs Of Abating

Malawi has been suffering from a fuel shortage for about two months. According to authorities, this is primarily due to foreign exchange shortages, which hampered the loading of fuel for Malawi at the ports of Beira, Mozambique, and Dar es Salaam, Tanzania. During a...

Bring back TOR to refine and sell fuel at cheaper prices – IES to Akufo-Addo

The Institute for Energy Security (IES) is pleading with President Akufo-Addo once more to reopen the Tema Oil Refinery as soon as possible in order to refine and sell petroleum products at lower prices. The think-tank expressed concern in a statement that an...

Residual fuel oil subsidy suspended by NPA

The National Petroleum Authority (NPA) has suspended the residual fuel oil subsidy (RFO), effective November 1, 2022. According to a statement signed by Dr Mustapha Abdul-Hamid, the Chief Executive Officer of the NPA, the suspension of the policy to subsidise RFO is...

Petrol Price to Increase in South Africa

South Africans will be paying more at the pumps starting Wednesday, 2nd November 2022, due to an increase in all fuel grades. Prices for illuminating paraffin and LP Gas are also expected to rise. All grades of petrol will increase by at least 51c. Diesel 0.05%...

Fuel shortage persists in Abuja despite 146 truckloads delivery

The situation of petrol shortage in and around Abuja, the federal capital of Nigeria is getting worse, amidst supply of 146 truckloads of petroleum products. Though the Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Midstream Downstream Petroleum...

IES warns of fuel shortage

The Institute for Energy Security (IES) has predicted a nationwide shortage of petroleum products in the country in the short-term. According to the energy think tank, the reasons for the shortage will be the free fall of the cedi, which is causing a scarcity of...

Petrol, diesel prices up by 16% and 12%

Fuel prices have surged up at various fuel pumps, after a fortnight review of oil prices by Oil Marketing Companies (OMCs) over the weekend. The minor increase in crude oil prices on the global market and the significant depreciation of the cedi resulted in the...

Fuel prices to increase 10% effective October 16 – COPEC

Petroleum prices are expected to rise again beginning Sunday, October 16 as part of the adjustments for the month's second pricing window. According to the Chamber of Petroleum Consumers (COPEC) Ghana, fuel prices across the country are expected to rise by 10% on...

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