Energy

Energy Expert Samson Adjei has projected an increase in fuel prices by the end of the year, attributing it to heightened demand during the festive season.

The projection follows the current increase in fuel prices and an anticipated hike in the coming weeks.

The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has raised concerns over global fuel supply security amid disruptions to key oil routes. Speaking on the issue, Dr. Riverson Oppong explained that supply disruptions around the Iranian zone and the Strait, coupled with surging demand and constrained supply, are driving fuel price increases and causing shortages, even in countries with the financial capacity to purchase petroleum products. He said disruptions to crude oil transportation routes, including those passing through Oman, have further compounded supply challenges following recent attacks in the region. “To now transport the crude oil from the other side facing the Strait or the Iranian zone towards the Black Sea. What was happening also was the fact that Oman also became a transit point, but with the bombing that has happened now in Saudi, that has really brought a very huge disruption on supply challenges.” Dr. Riverson Oppong added that the disruption has also affected evacuation plans through Oman, further widening the gap between global fuel demand and available supply. “That means that even the evacuation plan that was passing three way to Oman has also been boycotted today and that is why indeed demand is absurd against the supply, hence the price that we see.” He warned that continued disruptions along major oil routes could put further pressure on global petroleum supplies and prices.

Puma Energy Ghana has announced a partnership with five local LPG distributors, aimed at advancing the country’s objective of making LPG more accessible. The agreements, signed in Accra, establish collaborations between Puma Energy and Earth Energy, Sandhill Oil and Gas, Riet Company Ltd., Hamcom, and StepGas, and seek to strengthen Ghana’s CRM by shifting from traditional fuel station distribution to a more decentralised, neighbourhood-oriented retail network that delivers clean cooking solutions directly to consumers. Key industry figures, government representatives, and community leaders convened to witness the model, highlighting its potential for large-scale viability. At the core of the partnership is Puma Energy’s “3y3 Good Exchange” initiative, which allows customers to exchange old cylinders for new, safe, and approved cylinders at no cost and designed to remove barriers to safe and affordable LPG access. According to General Manager of Puma Energy Ghana , Lanzeni Coulibaly, the initiative is expected to improve indoor air quality for households while establishing a more reliable and professionally managed distribution channel. “We are introducing a new distribution philosophy today, bringing safe and affordable energy closer to Ghanaians,” said Lanzeni Coulibaly, Lanzeni Coulibaly also added that the initiative also supports a broader government effort aimed at advancing its goal of reaching 50% Liquefied Petroleum Gas (LPG) penetration by 2030 through the Cylinder Recirculation Model (CRM). “This initiative marks a significant step forward, and we are leveraging our capabilities to support the government’s goal of achieving 50% LPG penetration by 2030.“ Chief Executive Officer of the National Petroleum Authority (NPA )Godwin Kudzo Tameklo,also spoke at the event, highlighting the importance of strong collaboration between the regulator and industry. “Our objective is to cultivate an atmosphere of mutual respect that directly supports the growth of the Ghanaian economy,” he said. The safety-focused CRM allows consumers to exchange empty cylinders for pre-filled, safety-verified ones, enhancing convenience, reliability, and safety. By integrating the five distributors into its supply chain, Puma Energy aims to expand access to clean cooking for more households, particularly in peri-urban and rural areas where access has historically been limited. The health implications are significant. The Air Quality Life Index (AQLI) 2025 report estimates that poor air quality reduces the average Ghanaian’s life expectancy by nearly 0.8 years, with household air pollution from solid fuels remaining a major environmental health risk that disproportionately affects women and children. Accelerating LPG adoption is expected to improve public health outcomes and support forest conservation by reducing deforestation. Puma Energy Ghana also plans an ambitious expansion of its cylinder fleet.From July to September 2026, over 40,000 new, NPA-compliant cylinders will be introduced, nearly tripling the company’s initial capacity of 24,000 cylinders. This is part of a multi-million-dollar investment programme aimed at scaling the fleet to 300,000 cylinders within two years, equating to service for 30,000 local communities.The expansion is driven by the commitment and local expertise of the five newly selected distributors, all of which are 100% Ghanaian-owned enterprises.

BOST Energies Limited Company (BOSTenergies) has recorded a remarkable financial and operational growth for the financial year ending 2025, with revenue, profit, assets and shareholders equity showing impressive growth, with the company also paying its first-ever dividend to the Government of Ghana