Speaking on Joy News’ PM Express Business Edition, NPA Chief Executive Officer Godwin Edudzi Tamakloe delivered a firm reassurance regarding Ghana’s current fuel stock positions. Addressing rumors of a imminent supply deficit, Mr. Tamakloe emphasized, “

Currently, we have not less than 6 weeks of cover. Not less”. Grounding this assurance, the regulator pointed out that additional petroleum product cargoes are actively navigating the high seas toward domestic ports. Commenting on marine shipments, Tamakloe noted, “And if you look at the number of vessels even on the high seas, it is significant. So at this point, yes, I have some supply”. When asked directly whether fuel distribution disruptions were expected within the next month, the NPA boss stated unequivocally, “Not at all”.

Instead of physical availability, the NPA’s primary focus centers around international market volatility and its knock-on effect on pump prices. Mr. Tamakloe explicitly noted,“No, my major concern now is price”.

This concern reflects broader warnings from the International Energy Agency (IEA) regarding global crude supply reductions. To regulate local market dynamics, the NPA adjusted price floors effective September 16, setting petrol at GH¢16 per litre, diesel at GH¢16.77 per litre, and Liquefied Petroleum Gas (LPG) at GH¢10.97 per kilogramme. Public anxiety was also stoked by reduced fuel exports to neighboring Mali and Burkina Faso; however, BOSTenergies clarified that this export reduction was entirely caused by scheduled revamp work at its Bolgatanga depot rather than a local deficit.

Furthermore, the regional outlook is supported by additional supply capabilities from Nigeria's Dangote Refinery. Defending Ghana's private-sector-led downstream petroleum model, Tamakloe assured citizens that robust safeguards are in place to prevent any repeat of the severe supply strains experienced in 2014 and 2015.

Ghana’s petroleum downstream sector remains stable, anchored by at least six weeks of onshore reserves and active incoming shipments on the high seas.

While international market shifts continue to exert pressure on domestic fuel prices, physical fuel availability across the country is fully secured. Consumers are encouraged to stay informed through official NPA updates rather than panic-buying. Stay tuned to local market updates, compare prices at neighborhood filling stations, and share this article to keep your community informed!

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