Ghana’s downstream petroleum regulator, the National Petroleum Authority (NPA), has assured the public not to panic over any possible fuel shortages due to the Middle East conflict, stating that the country has adequate petroleum stocks that can last for several weeks.
This portal understands that as of Tuesday, the country had six weeks and two days of diesel stock, five weeks and one day of petrol stock, five weeks and four days of Aviation Turbine Kerosene (ATK), and two weeks and one day of Liquefied Petroleum Gas (LPG) available.
In a statement issued on Wednesday, March 11, the NPA said the national fuel supply situation remains stable despite concerns about possible impacts from developments in the global energy market.
According to the Authority, a review of national petroleum stock levels conducted in collaboration with the Ministry of Energy and Green Transition and other industry stakeholders confirmed that Ghana has sufficient supplies of key petroleum products, including petrol (PMS), diesel (AGO), Aviation Turbine Kerosene (ATK), and Liquefied Petroleum Gas (LPG), to meet current and projected demand.
The NPA added that it continues to closely monitor stock levels and work with industry players to ensure a steady fuel supply, while strengthening strategic supply planning and price monitoring mechanisms to address any potential disruptions or price volatility linked to global market developments.
Meanwhile, the U.S.–Israel war against Iran has disrupted global oil supply, triggering a sharp surge in crude oil prices.
Crude oil prices hit $119 per barrel on Tuesday morning, but later dropped sharply to about $100 per barrel and subsequently fell below $90 per barrel.
However, as of Wednesday morning, Brent crude had risen again to around $90 per barrel as tensions continued to escalate
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