Ghana: Gasoil Remains Largest Fuel Consumed In Ghana

Gasoil, popularly known as diesel fuel, has remained the largest fuel consumed in Ghana due to its widespread use in the various sectors of the Ghanaian economy.

This is followed by gasoline popularly known as petrol.

For instance, the mining industry relies heavily on gasoil for its operations, consuming more than 300,000 metric tonnes in 2022 alone.

Gasoil is also used extensively in transportation, agriculture and power generation, further contributing to its high consumption rates.

According to the Ghana Petroleum Industry Report published by the Chamber of Bulk Oil Distributors (CBOD), Ghana’s gross national consumption for fuel stood at 4,489,000 metric tonnes in 2023.

This represents a 6 per cent increase from the 4,220,000 metric tonnes consumed in 2022.

In 2023, gasoil consumption reached 2,162,000 metric tonnes, accounting for 48 per cent of the total consumption. Thia represents an increase from the 2,020,000 metric tonnes consumed in 2022.

The increase was driven by the rise in the consumption of regular gasoil, marine gasoil local, marine gasoil foreign and gasoil (cell site) by four, 263, 52 and 335 per cent respectively.

However, the consumption of gasoil mines, gasoil rigs and gasoil power plants decreased by eight, four and 46 per cent, respectively.

Gasoline, popularly known as petrol, was the second highest consumed product in Ghana, accounting for 38 per cent of the total refined products consumption in 2023.

Petrol consumption increased to 1,700,000 metric tonnes in 2023 from 1,600,000 metric tonnes in 2022.

Meanwhile, consumption of kerosene declined by 35 per cent to 2,582 metric tonnes in 2023 from 2022, reflecting the downward trend witnessed over the years.

On the other hand, LPG consumption increased from 305,076 metric tonnes in 2022 to 317,465 metric tonnes in 2023, representing an increase of four per cent.

Source: https://energynewsafrica.com