Ghana’s consumption for all petroleum products between January and October 2024 hit 5,295,146,918 litres (approximately 5.3 billion litres), a report by Chamber of Oil Marketing Companies (COMAC) has revealed.
This shows that consumption increased by 17.37 per cent from the 4.5 billion litres recorded during the same period in 2023.
Among the petroleum products which accounted for 5.3 billion consumption for the 10 months in 2024 are gasoline (premium), gasoil (diesel), gasoil (cell site), marine gasoil (local), gasoil (mines) ATK, LPG – Butane, gasoil (power plant), marine gasoil (foreign), premix, naphtha, kerosene, residual fuel oil (industrial) and gasoil (rig).
Per the report, gasoline (premium) consumption increased to 2,132,135,400 litres in 2024, compared to 1,846,303,700 litres consumed in 2023.
Gasoil consumption also went up to 1,906, 007,300 litres in 2024, compared to 1,656,304,500 litres in 2023.
Meanwhile, Liquified Petroleum Gas (LPG) also witnessed increase in consumption from 259,375,659 kilogrammes in 2023 to 276,521,998 kilogrammes in 2024.
The report revealed an interesting fuel consumption trend across the 16 regions of Ghana with the Upper West, Upper East and Western regions recording substantial increases in consumption in 2024 compared to consumption in 2023.
The Upper West Region recorded significant increase of 330.49%, with Upper
East Region consumption rising by 81.68%, while the Western and Northern regions also saw substantial increases.
However, the Central Region experienced slight decline of 3.94% in overall consumption.
In 2024, the Upper West Region recorded a significant 278% increase in petrol consumption while disease consumption rose by 441.8%.
The Upper East Region also saw petrol consumption rising up by 71.60% while diesel rose by 92.55 %.
Meanwhile, the Western Region also experienced a 27.12% rise in petrol consumption while diesel rose up by 22.66%.
Interestingly, consumption of LPG rose up in Upper West from 5,595,798 kilogrammes in 2023 to 16,015,195 kilogrammes in 2024. This represents a significant increase of about 186.20 %.
This is followed by the Western Region where consumption increased from 20,020,603 kilogrammes in 2023 to 26,323,034 kilogrammes in 2024, accounting for a 59.03 % increase.
It is not clear what triggered the sudden increase in demand for fuel in the Upper West Region, but a possible increase in economic activities is accountable for the demand in fuel in the region.
The increase in LPG consumption could be attributed to the sustained sensitisation effort by the National Petroleum Authority (NPA) for Ghanaians to shift from charcoal usage to LPG usage.
The region also witnessed a significant increase in gasoil (cell site) from 240,550 litres in 2023 to 1,702,900 litres in 2024.
Source: https://energynewsafrica.com
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