The National Petroleum Authority (NPA) has assured the public that Ghana has sufficient fuel stocks and that the country’s petroleum supply system remains stable despite developments in the global energy market.
In a statement issued on Wednesday, the Authority said it had taken note of recent reports, speculation and public commentary regarding the possible impact of global energy market trends on fuel supply and pricing in Ghana.
The NPA stressed that a review of the country’s petroleum stock levels and supply arrangements confirmed that Ghana currently has enough petroleum products to meet national demand.
“In light of these concerns, the Authority wishes to assure the general public that Ghana currently has adequate stocks of petroleum products, and the national fuel supply situation remains stable and firmly under control,” the statement said.
According to the Authority, the review was conducted in collaboration with the Ministry of Energy and Green Transition and key industry stakeholders.
The assessment confirmed the availability of major petroleum products including Premium Motor Spirit (PMS), Diesel (AGO), Aviation Turbine Kerosene (ATK) and Liquefied Petroleum Gas (LPG) across the country.
The NPA noted that government institutions and industry players are working together to ensure continuous supply and market stability. These efforts include monitoring national fuel stock levels and maintaining close coordination with International Oil Trading Companies (IOTCs), Bulk Import, Distribution and Export Companies (BIDECs), the BOST Energies Company Limited and local refineries to facilitate timely imports and distribution.
“Government, through the Ministry of Energy and Green Transition and the NPA, continues to implement proactive measures to safeguard supply reliability and maintain market stability,” the statement noted.
The Authority further indicated that it is strengthening strategic supply planning and enhancing price monitoring mechanisms to manage any potential disruptions or price volatility that may arise from developments in the global petroleum market.
The NPA also urged the public to remain calm and avoid panic buying.
“The NPA therefore wishes to reassure the public that there is no cause for alarm or panic buying, as the petroleum supply chain continues to function normally and adequate stocks are available nationwide,” the statement emphasised.
