Ghana fuel supplies secure despite global price pressures, says NPA

The National Petroleum Authority (NPA) says Ghana has enough petroleum products to meet domestic demand, despite rising international crude oil prices and the depreciation of the cedi putting further pressure on pump prices.

The assurance comes as the government introduces a temporary GH¢2-per-litre reduction in the regulatory margin on diesel.

The measure is intended to provide immediate relief for motorists and businesses that rely on diesel, reduce transport costs and help limit the effect of higher fuel prices on inflation.

The government is also continuing to monitor conditions in the international petroleum market, where changes in crude oil prices are contributing to uncertainty over the cost of fuel.

Abass Ibrahim Tasunti, the NPA’s Director of Economic Regulation and Planning, said the reduction was part of wider efforts to protect consumers from external price shocks while supporting economic stability.

“We believe that this temporary intervention will go a long way to reduce the burden on consumers and prevent hikes in transport fares whilst addressing the inflationary impact of rising fuel prices. It will be recalled that in April 2026 a similar intervention was made by reducing the margins to cushion consumers,”he said.

The NPA said there was no immediate threat to the availability of fuel in the country.

It said current petroleum stocks were sufficient to meet domestic consumption and that further cargoes were expected to arrive in the coming days under Ghana’s import programme. Those deliveries are expected to increase national reserves and provide additional security of supply.

Domestic refining is also helping to support fuel availability. The NPA said Sentuo Oil Refinery and the Tema Oil Refinery were both continuing production, complementing imported volumes.

Mr Tasunti said the Authority would remain alert to developments in global oil markets and work with the government to decide whether any further action was required.

“The Authority will continue to monitor developments on the international market and together with government will make any necessary interventions when the need arises. We further wish to assure consumers that there are adequate stocks of petroleum products in the country to meet our consumption.”

He added that deliveries expected through the country’s import plan would strengthen supplies further.

“Based on our import plan, we also expect cargoes to be delivered in the coming days to add to existing stocks. Our domestic refinery, Sentuo, and Tema Oil Refinery are also actively producing to complement imports and strengthen our fuel stocks,” he stated.

The NPA’s comments are intended to calm concerns about possible supply disruptions at a time when international crude prices and volatility in the exchange rate are influencing fuel-price decisions in Ghana.

The latest reduction in the diesel regulatory margin is expected to offer short-term support at the pump. However, the medium-term direction of fuel prices is likely to depend largely on movements in the international oil market and the performance of the Ghana cedi.

The intervention follows the similar reduction in margins introduced in April 2026, which was also aimed at easing the burden on consumers. While the latest measure may help contain transport-cost increases and inflationary pressure, fuel availability is being supported by a combination of existing stocks, planned imports and production from Sentuo Oil Refinery and the Tema Oil Refinery.