The National Petroleum Authority (NPA) has assured the public that Ghana has sufficient fuel reserves despite rising tensions in the Middle East and concerns over potential global supply disruptions.
Speaking in an interview on March 1, the NPA’s Director of Economic Regulation and Planning, Abass Ibrahim Tasunti, said the country currently holds more than five weeks’ worth of diesel and nearly seven weeks of petrol in stock.
According to him, diesel reserves are projected to last approximately 5.3 weeks, while petrol stocks could last up to 6.8 weeks. He emphasized that these levels are part of routine supply planning and not a response to the ongoing geopolitical crisis.
Tasunti explained that the NPA continuously monitors imports and oversees the daily discharge of petroleum products to ensure uninterrupted supply. He added that local production is also supporting availability, with the Sentuo oil refinery operating consistently since June 2025 and the Atuabo Gas Processing Plant supplying liquefied petroleum gas (LPG).
Additionally, several vessels carrying diesel and petrol are currently at the Tema anchorage awaiting discharge, with more cargoes already scheduled.
While supply remains stable, the NPA acknowledged that Ghana, as a net importer of petroleum products, could be affected by global oil market volatility. Crude prices have surged above $91 per barrel amid disruptions linked to tensions around the Strait of Hormuz.
Meanwhile, the Chamber of Petroleum Consumers (COPEC) has cautioned that escalating hostilities could influence fuel pricing in the coming weeks, as traders factor geopolitical risks into future import costs.
The NPA, however, remains confident that current stock levels will sustain the country in the short term, easing fears of immediate shortages.