The Chamber of Bulk Oil Distributors (CBOD) is urging government to prioritise the rehabilitation of critical petroleum haulage routes using proceeds from the GHS1 levy placed on every litre of fuel sold in the country. According to CBOD CEO, Dr. Patrick Kwaku Ofori, the poor condition of key transport roads—used to move petroleum products from […]
Fix Strategic Petroleum Transport Roads – CBOD Urges Government Read More »
Our CEO, Dr. Patrick Ofori, in a conversation with the Business & Financial Times, has stated that recent structural reforms at Ghana’s main petroleum discharge point are already yielding positive outcomes—cutting demurrage costs, improving operational efficiency, and enhancing national fuel supply security. The country’s Single Point Mooring (SPM) facility, which handles nearly 80 percent of
Ghana’s Fuel Supply Strengthened by Strategic Reforms Read More »
Crude Oil and Refined Products Market Review and Outlook The international market price of crude and petroleum products has resumed trending downwards after the ephemeral spike during the Israel–Iran conflict. Although global crude prices have been on a downward trajectory since the third Quarter (Q3) of 2024 due to the uncertainties in the global economy
Market Outlook – 16th to 31st July 2025 Pricing Window Read More »
Crude Oil and Refined Products Market Review and Outlook The international market price of crude and petroleum products have been on a downward trajectory since third Quarter (Q3) 2024. The international market price of crude oil declined by about 12.13% on a year-on-year basis. Moreover, refined petroleum products including petrol, diesel, LPG, and kerosene have
Market Outlook – 1st to 15th July 2025 Pricing Window Read More »
The Chief Executive Officer of CBOD, Dr. Ofori, has reassured Ghanaians that the country’s fuel supply is stable, with no risk of shortages in the near term. Speaking during an interview on TV3’s Business Focus, Dr. Ofori emphasised that, based on scheduled deliveries and current stock levels, there is no threat to the consistent availability
Fuel Supply Remains Secure, CBOD Reassures Public Read More »
The Chamber has stated that fuel prices at the pump could have dropped significantly if inefficiencies in Ghana’s petroleum delivery system, particularly the management of Laycan schedules, were addressed. Speaking on TV3’s Business Focus, Dr. Ofori highlighted that the Ghanaian cedi has remained relatively stable and international fuel prices have not experienced major surges. Yet,
Fuel Prices Could Drop Further If Laycan Schedules Were Strictly Followed – CBOD CEO Read More »
Accra, Ghana – 23rd June 2025 – The Chamber of Bulk Oil Distributors (CBOD) expresses deep concern and disappointment over the persistent disruption of the Laycan import programme and calls on the Ministry of Energy and Green Transition to act swiftly to safeguard the integrity of Ghana’s fuel import system. The Laycan schedule, developed through
Crude Oil and Refined Products Market Review and Outlook The global market price of crude has been on a downward trajectory since third Quarter three (Q3) 2024. Crude oil prices in the global market have declined by about 10.81% from Q1 2025 to Q2. Specifically, crude oil declined by about 9.36% since January 2025. Moreover,
Market Outlook – 16th to 30th June 2025 Pricing Window Read More »
Crude Oil and Refined Products Market Review and Outlook The global market price of crude and refined petroleum products have been declining since the second window of February 2025. This has been largely attributed to the uncertainties in the global economy introduced by the US imposition of tariffs on some of its trade partners. The
Market Outlook – 1st to 15th June 2025 Pricing Window Read More »
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