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Zambia: ERB Slashes Fuel Prices for August As Global Oil Prices Fall

Zambia’s energy regulator, the Energy Regulation Board (ERB), has reduced pump prices for all petroleum products for August 2026, citing lower international oil prices despite the depreciation of the kwacha.

ERB Board Chairperson James Banda said in a statement that international petrol prices declined from US$105.82 per barrel to US$96.92 per barrel, while Jet A-1/kerosene prices dropped from US$158.97 per barrel to US$123.59 per barrel.

Diesel prices remained largely stable, edging up slightly from US$125.65 per barrel to US$126.58 per barrel.

During the same period, the kwacha depreciated against the US dollar, weakening from K18.35 to K19.01 per US$.

The new national uniform pump prices per litre are:

  • Petrol: K25.29, down from K26.15
  • Diesel: K26.86, down from K28.11
  • Kerosene: K27.02, down from K28.32
  • Jet A-1: K28.71, down from K30.27
The adjustments represent price reductions of 3.29 per cent for petrol, 4.45 per cent for diesel, 4.59 per cent for kerosene, and 5.15 per cent for Jet A-1.

Ghana: Mahama Cuts Diesel Regulatory Margin By GH¢2 To Ease Fuel Price Hike

Ghana’s President, John Dramani Mahama, has directed a reduction in the regulatory margin on diesel by GH¢2 per litre for one month, effective Tuesday, August 4, 2026, following a sharp increase in fuel pump prices across major fuel retail outlets on Monday. Oil Marketing Companies (OMCs) on Monday morning began reviewing pump prices upward, with petrol (gasoline) rising to GH¢16.29 per litre, while diesel exceeded GH¢19 per litre. The OMCs attributed the price increases to higher international refined petroleum prices, driven by renewed conflict in the Middle East, as well as domestic market pressures. The latest development has triggered widespread complaints from motorists on social media. In response, the Presidency, in a statement issued by the President’s Spokesperson, Felix Kwakye Ofosu, announced a GH¢2 reduction in diesel prices, effective Tuesday, August 4, 2026. The temporary measure is expected to help prevent transport fare increases, contain inflationary pressures, and reduce the impact of higher fuel prices on the cost of living. The Presidency said the government will continue to monitor developments in the international energy market and introduce further policy measures where necessary to protect consumers and sustain the country’s economic recovery. The reduction will remain in force for one month unless it is reviewed by the government.

Ghana: Fuel Prices Jump; Petrol Tops GH¢15 Per Litre, Diesel Exceeds GH¢19

Fuel pump prices have risen sharply in the first pricing window of August in Ghana, triggering widespread complaints from motorists on social media.

Oil Marketing Companies (OMCs) attributed the increases in pump prices to higher international refined petroleum prices, driven by renewed conflict in the Middle East, as well as domestic market pressures.

Major OMCs began adjusting their pump prices on Monday morning.

GOIL PLC, the market leader, revised its prices, with petrol (Regular) selling at GH¢15.99 per litre and diesel at GH¢19.26 per litre.

Star Oil, the country’s second-largest OMC, also reviewed its prices. Petrol (Regular) is now selling at GH¢15.57 per litre, petrol (RON 95) at GH¢17.77 per litre, and diesel at GH¢18.97 per litre.

TotalEnergies increased its prices, with petrol selling at GH¢16.29 per litre and diesel at GH¢19.49 per litre.

Shell also adjusted its pump prices, with petrol selling at GH¢16.29 per litre and diesel at GH¢19.49 per litre.

Zen revised its prices, with petrol selling at GH¢15.05 per litre and diesel at GH¢18.15 per litre.

Dukes Petroleum also revised its prices, with petrol selling at GH¢14.97 per litre and diesel at GH¢17.60 per litre.

IBM is selling petrol at GH¢15.99 per litre and diesel at GH¢19.20 per litre.

PETROSOL is selling petrol at GH¢14.98  per litre and diesel at GH¢17.98 per litre.

Other OMCs have signalled their intention to adjust pump prices before the close of business on Monday.

Data from the National Petroleum Authority (NPA), the regulator of Ghana’s downstream petroleum sector, showed that the international benchmark price of petrol rose to $1,092 per metric tonne from $970 per metric tonne, while diesel increased to $1,216.45 per metric tonne from $974.40 per metric tonne.

The Chamber of Oil Marketing Companies (COMAC), in its latest market outlook, explained that the recent fuel price increases were largely influenced by developments on the international market, particularly the sharp rise in crude oil prices and refined petroleum product costs.

According to the Chamber, the average crude oil price increased by 23.25 per cent during the review period, rising from US$71.90 to US$88.62 per barrel.

Refined petroleum products also recorded significant increases, with diesel registering the highest increase of 24.84 per cent, followed by petrol at 12.58 per cent and Liquefied Petroleum Gas (LPG) at 12.24 per cent.

The Chamber attributed the surge in crude oil prices to heightened geopolitical tensions, particularly uncertainty surrounding developments involving the United States and Iran, as well as concerns over possible disruptions to shipping through the Strait of Hormuz.

Beyond global market factors, COMAC identified the depreciation of the Ghana cedi as another major contributor to the higher fuel prices.    

Explosion Reported Near Tanker Off Oman, Crew Safe, UKMTO Says

There was an explosion early on Monday near a tanker off the coast of Oman, the UK Maritime Trade Operations (UKMTO) centre confirmed, according to Anadolu Agency. UKMTO said it received a report of an incident about 20 nautical miles northeast of the Omani town of Khasab after the master of the tanker reported hearing an explosion close to the vessel. The vessel and its crew were safe, and authorities launched an investigation into the incident, UKMTO said. The agency advised vessels transiting the area to exercise caution and report any suspicious activity. The incident comes amid heightened tensions around the Strait of Hormuz following recent military confrontations between the United States and Iran. Washington has called on Tehran to ensure freedom of navigation through the strategic waterway, while Iran has said shipping traffic in waters off its coast should be subject to its oversight. On Saturday, U.S. President Donald Trump said he had cancelled a planned military strike on Iran after regional mediation efforts. Iranian officials rejected the claim, denying reports that any agreement had been reached to reopen the Strait of Hormuz.  

Gambia: Government Raises Fuel Prices For August On Higher Global Oil Costs

The Gambian government has increased retail fuel prices for August, citing higher international prices for refined petroleum products. The Ministry of Petroleum, Energy and Mines said in a statement that the new prices, approved after the monthly fuel price review, took effect on Aug. 1. Under the revised prices, petrol (PMS) will retail at 104.18 dalasis ($1.42) per litre, diesel (AGO) at 116.63 dalasis ($1.59) per litre and kerosene at 99.62 dalasis($1.36) per litre. The ministry said the increases from July reflected higher international benchmark prices for refined petroleum products during the latest pricing cycle. It said the monthly review is conducted under the government’s petroleum pricing framework, which takes into account international refined fuel prices, import costs, exchange rates, statutory taxes and levies, and other pricing components. The ministry said these factors are assessed each month before new pump prices are set. It said it would continue to monitor developments in international oil markets and adjust domestic prices as necessary in line with the pricing mechanism. Monthly fuel price adjustments have become routine under the government’s review system, with domestic pump prices largely influenced by movements in global oil markets and the exchange rate. The latest increase is expected to raise fuel costs for motorists, transport operators and businesses, potentially putting upward pressure on transport fares and the prices of goods and services. The ministry said it remained committed to implementing the pricing framework transparently while responding to changes in international market conditions.  

Ghana: Energy Minister Jinapor To Submit Roadmap For Tema Oil Refinery’s Expansion To 100,000 bpd

Ghana’s Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, said he had prepared a roadmap to expand the Tema Oil Refinery’s (TOR) processing capacity to 100,000 barrels per day, following a directive from President John Dramani Mahama. Mahama, speaking on Saturday at the commissioning of the refinery’s refurbished Crude Distillation Unit, said he had directed the energy ministry to work with TOR’s management to prepare a comprehensive plan to expand the refinery from its original processing capacity of 45,000 barrels per day to 100,000 barrels per day. In a Facebook post later on Saturday, Jinapor said he would present the roadmap in line with the president’s directive. “In accordance with the directive of President John Dramani Mahama, I have prepared and will present a comprehensive roadmap for expanding TOR’s refining capacity to 100,000 barrels per day,” Jinapor wrote. “This will enable us to refine more of Ghana’s crude oil locally, meet a greater share of domestic demand, create jobs, add value to our natural resources and strengthen Ghana’s position as a petroleum hub for the sub-region,” he said. TOR had not processed crude oil for more than six years and instead generated revenue by storing refined petroleum products for customers. The state-owned refinery had accumulated significant debt while much of its critical equipment deteriorated. After taking office in 2025, the current management, led by Managing Director Edmond Kombat, began rehabilitating the refinery’s facilities. The refinery is currently processing about 28,000 barrels per stream day, while work continues on other units to restore its original capacity of 45,000 barrels per stream day. Jinapor said the refinery’s revival marked an important step in the government’s efforts to revitalise Ghana’s energy sector. “When we assumed office, this strategic national asset had been placed under a private operating arrangement that did not deliver the intended outcomes, leaving the refinery’s core operations largely dormant,” he said. “Today, we have restored TOR to its rightful place as a key pillar of Ghana’s energy security and industrial transformation.” He said restoring the refinery would help rebuild investor confidence, increase domestic refining of Ghana’s crude oil, reduce reliance on imported refined petroleum products and support the government’s economic agenda. Jinapor also commended Kombat, the refinery’s board, management and staff for their role in bringing the facility back into operation.

South Africa:Deputy Minister Visits Koeberg To Review Nuclear Plant Operations

South African Deputy Minister for Electricity and Energy Alexandra Abrahams has visited Koeberg Nuclear Power Station as part of a programme to assess the institutions and infrastructure underpinning the country’s electricity security. During the visit, Abrahams received briefings on Koeberg’s operating performance, nuclear waste management and specialist training programme. She also toured the station’s operator-training simulator. Koeberg, Africa’s only commercial nuclear power station, has two generating units with a combined capacity of about 1,860 megawatts (MW). The plant plays a key role in supporting electricity supply in the Western Cape. Both units have received 20-year operating licence extensions. Unit 1 is licensed to operate until July 2044, while Unit 2 is licensed until November 2045. “Effective political oversight must begin with a clear understanding of the institutions, infrastructure and technical systems for which we are responsible. Koeberg is a complex national asset. Today’s visit allowed me to engage directly with the people responsible for operating it and to identify the issues that require sustained attention from government,” Abrahams said. She said Koeberg’s future contribution would depend on disciplined maintenance, the retention and development of specialist nuclear skills, reliable supply chains, credible waste management arrangements and continued compliance with conditions imposed by the National Nuclear Regulator. “South Africans judge the electricity system by whether the lights remain on and whether they can afford the electricity they use. Every major energy asset must contribute to these two outcomes,” she said. “Reliable generation from Koeberg strengthens security of supply and supports the stability of South Africa’s grid. Efficient operation can also reduce pressure on the electricity system by limiting the need for more expensive emergency generation. This matters for households and businesses already carrying a heavy electricity-cost burden.” Read Also:Gambia: Government Raises Fuel Prices For August On Higher Global Oil Costs Abrahams said affordability should be assessed over the station’s full operating life, including maintenance, regulatory compliance, waste management, eventual decommissioning and the cost of maintaining the specialist capabilities required for safe nuclear operation. “Koeberg’s licence extensions provide South Africa with a valuable window in which to secure dependable generation from infrastructure that has already been built. That value will be realised only through rigorous safety standards, sound financial management and transparent oversight,” she said. The deputy minister also received an update on recent localised radioactive contamination incidents during maintenance activities. She was told the contamination remained within the plant’s containment structures, monitoring and protection systems functioned as designed, and no radioactive material was released into the surrounding environment. The incidents were classified as Level 0 on the International Nuclear and Radiological Event Scale (INES), indicating no safety significance. “The information presented today confirms that there was no danger to surrounding communities or the environment. Public confidence in nuclear energy nevertheless depends on transparency, independent regulation and a consistent willingness to learn from every operational event, no matter how minor,” Abrahams said.  

Ghana: Mahama Pledges Steady Jubilee Crude Supply To TOR, Targets 100,000 Bpd Expansion

Ghana’s President John Dramani Mahama on Saturday pledged to ensure the country’s allocation of crude from the Jubilee field is supplied to the Tema Oil Refinery (TOR) to support continuous operations and strengthen fuel security, as he commissioned the refinery’s rehabilitated Crude Distillation Unit (CDU). The refinery is currently processing 28,000 barrels per day (bpd). Mahama said he had directed the Minister of Energy and Green Transitions to work with TOR’s board and management to develop a plan to expand capacity to 100,000 bpd. “For many Ghanaians, TOR had become a symbol of unrealised potential,” Mahama said at the commissioning ceremony in Tema. “We do not intend merely to keep TOR operating. We intend to make TOR more competitive, more efficient and more commercially viable,” he said. Mahama said the refinery had faced years of operational difficulties before he took office, with production halted, debts mounting, equipment deteriorating and public confidence declining. Some had argued Ghana should abandon domestic refining and rely on imported petroleum products, he said. “Nations that aspire to greatness do not abandon strategic institutions like TOR whenever adversity strikes. They reform them, modernise them, restore them and prepare them to compete again,” Mahama said. He said TOR had received three cargoes of one million barrels each since May, sourced from Nigeria’s Bonga field, Ivory Coast’s Baobab field and Ghana’s Jubilee field. “I wish to state again that we fully paid for the Ghanaian crude. It was not given to us on credit,” he said. “This represents a clear statement of the government’s commitment to ensuring that our petroleum resources add value here at home.” Mahama said the refinery resumed crude processing on Dec. 19, 2025, after rehabilitation of its Residual Fluid Catalytic Cracker (RFCC) unit. Since then, TOR has processed about 2 million barrels of crude into gasoline, gas oil, aviation turbine kerosene, liquefied petroleum gas (LPG), kerosene, residual fuel oil and premixed fuel. He said the rehabilitation and operational turnaround had been achieved “without a single cedi from the government of Ghana.” Mahama said increasing TOR’s refining capacity would reduce Ghana’s dependence on imported petroleum products, conserve foreign exchange and strengthen the country’s energy security. He described the recommissioning of the CDU as the start of a broader effort to develop an integrated petroleum industry that would serve the domestic economy, support regional trade and contribute to Africa’s industrialisation. Mahama commended TOR’s management and board for restoring crude processing and said the government would introduce safeguards to ensure the refinery’s long-term operational sustainability and protect it from political interference.  

Ghana: Parliament Approves Energy Levy Amendments To Curb Fuel Subsidy Abuse

Ghana’s parliament on Friday approved amendments to the Energy Sector Levies Act aimed at boosting revenue collection and tackling abuses in the downstream petroleum sector.

The amendments increase the Energy Sector Shortfall and Debt Repayment Levy on fuel oil to 1.93 cedis per litre from 0.24 cedis, aligning the rate with those applied to diesel and marine gas oil.

They also extend the Road Fund Levy to fuel oil.

The government said the measures were designed to close revenue leakages and prevent abuse of fuel subsidy programmes intended for industrial users.

Authorities say some beneficiaries have misused the subsidies for private gain, undermining the programme’s effectiveness.

Finance Minister Cassiel Ato Forson said industrial users would now pay the applicable levies upfront when importing fuel oil and claim refunds afterward, replacing the current system of granting exemptions before importation.

“Some individuals are taking advantage and smuggling, buying diesel and disguising it as fuel oil and collecting the taxes on it,” Forson told parliament.

He said the government would maintain tax exemptions for legitimate industrial users but shift the system from an ex-ante to an ex-post refund mechanism.

“There will not be a tax increase on petroleum products,” Forson said, adding that fuel oil is used by industry rather than motorists.

He also said the government would amend the Revenue Administration Act to shorten the processing period for fuel oil tax refunds to 14 days from 90 days.

Ukraine Strikes Lukoil’s Volgograd Refinery As Drone Attacks Resume

Ukraine has struck one of Russia’s biggest refineries, Lukoil’s Volgograd processing facility, the Ukrainian forces said on Friday as they resumed attacks on Russian refining capacity. The Volgograd refinery, which has the capacity to process 300,000 barrels per day (bpd) of crude, produces gasoline, diesel, and jet fuel. It was hit by Ukrainian forces, Ukraine’s Security Service said in a Telegram post on Friday. The hit was “successful,” Ukraine said, without offering details as to the extent of damage. Andrei Bocharov, the governor of Russia’s Volgograd region, said on Friday that a fire broke out at an industrial facility in the fuel and energy complex in the region following a mass drone attack. Bocharov did not name the site. This is not the first strike on the Volgograd refinery, which early this year had to suspend crude oil processing after a Ukrainian drone attack triggered a fire at the plant. The renewed drone attacks on refineries from Ukraine come after several weeks of a lull, during which Ukrainian forces focused on hitting tankers in the Sea of Azov and the Black Sea. The brief respite in the attacks on refineries allowed some units to resume operations after repairs. This past weekend, Russia’s Deputy Prime Minister Alexander Novak said that the fuel crisis in Russia had started to ease as some refineries have restarted operations. However, this week Russia extended the ban on gasoline and diesel exports from July 31 to the end of the year in a sign that the situation has not improved too much. Amid peak demand season, Russia has been suffering from gasoline and diesel shortages for nearly three months, as Ukraine’s drone campaign to strike Russian refineries forced many large processing sites offline in the spring and early summer. The overnight attack on the Volgograd refinery could now worsen the crisis.

Ghana: BPA CEO Calls For Smarter Power Systems To Accelerate Africa’s Energy Transition

The Chief Executive Officer of the Bui Power Authority (BPA), Ghana’s state-owned power generation company, Ing. Kow Eduakwa Sam, has called on African electricity utilities to invest in smarter and more resilient power systems to accelerate the continent’s clean energy transition.
Sam made the call on Thursday, July 30, 2026, while delivering the welcome address at the APUA-IRENA-UNEZA Capacity-Building Workshop on Renewable Energy Grid Integration, held as part of the 60th Annual Meetings of the Association of Power Utilities of Africa (APUA) at the Mövenpick Ambassador Hotel in Accra.
The workshop brought together utility executives, policymakers, technical experts and development partners from across Africa to explore solutions for integrating renewable energy into electricity grids while maintaining system reliability.
Sam said Africa’s energy transition must be supported by investment in modern electricity infrastructure, smart grid technologies, energy storage systems, regional collaboration and continuous capacity building.
Drawing on BPA’s experience, he highlighted the integration of hydropower, utility-scale solar photovoltaic generation and battery energy storage systems as practical examples of technologies that enhance grid flexibility and reliability.
He also joined representatives of the International Renewable Energy Agency (IRENA) in a presentation on the challenges and opportunities of managing high shares of renewable energy in electricity grids.
Held under the theme, “Accelerating Africa’s Electricity Market Integration: Advancing Regulatory Readiness, Regional Market Development and Strategic Partnerships,” the 60th APUA Annual Meetings brought together more than 200 utility leaders and energy stakeholders to strengthen regional cooperation and advance sustainable electricity development across the continent.
BPA said its participation reflects its growing leadership in renewable energy development and its commitment to supporting Africa’s transition to a resilient and sustainable electricity sector.

South Africa: Ramaphosa Launches First Phase Of Seriti Green’s 10 Billion Rand Wind Project In Mpumalanga

South African President Cyril Ramaphosa on Friday unveiled a commemorative plaque marking the start of commercial operations at the Ummbila Emoyeni Wind Energy Facility in Bethal, Mpumalanga.

The first phase of the project comprises 155 megawatts (MW) of wind generation capacity and forms part of a planned 900 MW renewable energy programme.

The 10 billion rand (equivalent of $605,182,400.00) project, being developed by Seriti Green, is expected to increase renewable electricity generation capacity and strengthen South Africa’s power system.

Speaking at the unveiling ceremony, Ramaphosa said the project demonstrated the value of partnerships between the government, state utility Eskom, the private sector and local communities.

He said the project highlighted the importance of creating meaningful local economic participation while ensuring surrounding communities benefited directly from the investment.

Ramaphosa said the project had created more than 1,000 jobs, with about half going to people living within a 10-kilometre radius of the site.

“I am told that more than 18,500 people have registered on the Seriti Green Skills Hub, where they will be able to access current and future opportunities,” he said.

“Many of the people who have worked on this project have brought valuable skills developed in the mining industry into the construction of South Africa’s next generation of energy infrastructure,” he added.

Ramaphosa said the government had made it clear that the country’s energy transition should be just, inclusive and leave no one behind.

He said South Africa’s transition to cleaner energy was being implemented through practical measures aligned with both domestic and international commitments.

“It should strengthen local businesses, equip young people with new skills and leave communities stronger than before,” he said.

Ramaphosa said that with rolling power cuts, locally known as load shedding, which had constrained economic growth for more than a decade now largely over, progress was also being made in addressing load reduction in several provinces, including Mpumalanga.

He said reforms in the electricity sector were aimed at delivering a reliable, affordable and sustainable electricity supply for all South Africans.

 

Nigeria: Federal Government To Phase Out Electricity Subsidies From 2027

Nigeria plans to phase out electricity subsidies from 2027, Power Minister Joseph Tegbe said on Friday, as the government seeks to tackle mounting debt in the power sector. Speaking during a media briefing, Tegbe said the government would gradually eliminate electricity subsidies from next year but pledged that consumers would continue to receive reliable power services. “We have the mandate of Mr. President to clear the legacy debt and put in place sustainable structures to ensure this does not accumulate again,” Tegbe said. “By God’s grace, next year we will put a stop to this so-called subsidy in the power sector. We will not deprive Nigerians of anything. We will ensure consumers continue to have electricity while improving power services,” he added. Tegbe also said the government had no immediate plans to raise electricity tariffs. The planned phase-out is in line with recommendations by the International Monetary Fund (IMF), which has urged Nigeria to remove electricity subsidies as part of broader fiscal reforms. The federal government has previously highlighted the growing cost of electricity subsidies, estimating the burden at about 3 trillion naira ($1.9 billion) as of February 2024. The Association of Power Generation Companies (APGC) has said the government owes power generation companies about 6.5 trillion naira in outstanding payments. Tegbe’s announcement comes as the government steps up efforts to reduce the sector’s debt. President Bola Tinubu has approved the issuance of a 4 trillion naira bond to settle legacy obligations in the electricity sector. In January, the government issued an inaugural 501 billion naira bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP). On July 20, it announced a second tranche worth about 729 billion naira to settle verified legacy debts owed to power generation companies. Earlier this year, Tinubu directed all ministries, departments and agencies to rely on existing electricity sector laws to determine how electricity subsidy costs should be shared among the federal, state and local governments in preparing the 2026 budget.

Tanzania: TANESCO Signs TZS 204.7 Billion Contract For 100 MW Kishapu Solar Project

Tanzania Electric Supply Company Limited (TANESCO) has signed a contract with Sagemcom Energy & Telecom SAS and STEG International Services for the second phase of the Kishapu Solar Power Project, which will generate 100 megawatts (MW) of electricity.

The contract, valued at 204.7 billion Tanzanian shillings ( equivalent of $77,318,283.22), was signed on July 27 and the ceremony was witnessed by Energy Minister Deogratius J. Ndejembi and Deputy Energy Minister Salome Makamba.

The project will be implemented in the Ngunga area of Kishapu District in Shinyanga Region.

Ndejembi said the Kishapu Solar Power Project forms part of the government’s strategy to diversify Tanzania’s electricity generation mix and expand access to reliable, affordable power from renewable energy sources.

He said the project is being implemented in two phases with a combined installed capacity of 150 MW. The first phase, with a capacity of 50 MW, cost 118.3 billion Tanzanian shillings and is in the final stages of construction.

The second phase, with a capacity of 100 MW, officially commenced following the signing of the implementation contract and will cost 204.7 billion Tanzanian shillings, bringing the total cost of the two phases to 323 billion Tanzanian shillings.

According to the government, the project is expected to increase electricity generation from renewable energy sources, strengthen the reliability of Tanzania’s power grid and support efforts to meet rising electricity demand.