As global oil prices spike due to conflict in the Middle East, Ghana’s petroleum authority is working to prevent panic at the pump. The National Petroleum Authority has assured the public that Ghana has more than five weeks of fuel in stock. Abass Ibrahim Tasunti, Director of Economic Regulation and Planning at the NPA, said diesel stocks stand at about 5.3 weeks and petrol at nearly 6.8 weeks.
Crucially, the reserves were not built as a crisis response. Tasunti clarified that the stock levels are not a reaction to the ongoing conflict, but form part of the Authority’s routine mandate to ensure uninterrupted fuel supply. Several vessels are currently waiting to discharge at the Tema anchorage, including two cargoes of diesel and two cargoes of petrol.
Domestic production is also providing a buffer. The Sentuo Oil Refinery has been consistently injecting fuel into the system since mid-2025, while the Atuabo Gas Processing Plant is operational, enhancing national LPG availability.
Still, as a net importer of petroleum products, Ghana acknowledges it will not be fully insulated from rising global prices. Some oil marketing companies have already begun implementing marginal upward price adjustments.
