The Chief Executive Officer of the National Petroleum Authority (NPA), Godwin Edudzi Tamakloe, has assured Ghanaians that the country has sufficient fuel reserves despite rising global crude oil prices.
Speaking at the Chamber of Oil Marketing Companies (COMAC) 2026 Safety Week in Accra, Mr. Tamakloe stated that Ghana currently holds about eight weeks of import cover for diesel and 6.8 weeks for petrol.
He explained that recent geopolitical tensions involving the United States, Israel, and Iran have driven up crude oil prices significantly, with a metric ton rising from nearly $700 to over $1,300, contributing to higher fuel prices at the pumps.
Mr. Tamakloe dismissed reports of a potential fuel shortage, emphasizing that the country’s stock levels remain stable and adequate to meet demand.
Meanwhile, the NPA has expressed concern over the increasing number of accidents involving tanker drivers.
As part of measures to improve safety, the Authority is working closely with the Tanker Drivers Association and the Driver and Vehicle Licensing Authority to enforce strict compliance with key performance indicators before the renewal of drivers’ licenses.
In a related development, the Chief Executive Officer of COMAC, Dr. Riverson Oppong, disclosed that Ghana imported more than 8.4 billion litres of petroleum products in 2025.
This represents a 15 percent increase compared to the previous year, reflecting growing demand for fuel in the country.
Source: www.kumasimail.com
