Ghana’s national consumption of petroleum products increased to 6,459,000,000 liters in 2024, up from 5,496,000,000 liters in 2023, according to the Chamber of Oil Marketing Companies (COMAC) 2024 Annual Report.
This represents a 17.53% increase.
The transport sector emerged as the highest consumer of petroleum products, followed by industry, residential, agricultural, and service sectors.
Gasoline was the most consumed petroleum product in 2024, accounting for 49.35% of total national consumption, followed by diesel, which represented 36.11%.
Gasoil contributed 5.65%, while LPG (Butane) accounted for 5.27% of overall consumption.
The report noted significant fluctuations in petroleum products consumption between 2023 and 2024. Gasoline consumption increased by 15.72%, Liquified Petroleum Gas (LPG) rose by 7.25%, and premix recorded a 12.29% growth. In contrast, kerosene experienced a significant decline of 31.17%.
Gasoline remained the primary fuel for transportation, particularly in the private and small-scale public transport sectors. The report attributed the rising gasoline consumption to the dominance of petro-powered vehicles, which accounted for 75% of registered vehicles in Ghana by the end of 2024.
Regarding fuel standards, the National Petroleum Authority (NPA) and the Ghana Standards Authority (GSA) reviewed the national standard for gasoline, reducing the maximum allowable manganese levels in regular gasoline from 18mg/L to ensure higher fuel quality for consumers.
Source: https://energynewsafrica.com
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