fuel

The Bank of Ghana (BoG) has recently taken a significant step forward by disbursing $20 million to ten Bulk Oil Distribution Companies (BDCs). This initiative, part of a strategic foreign exchange (FX) forward auction, underscores the central bank’s continuous commitment to stabilizing the Ghanaian cedi and securing reliable fuel supplies in the country. As we reflect on these collective efforts, one has to wonder: how do such financial maneuvers influence our daily lives and the economy at large? Fixed Rate Auction: A…

A transformative shift is underway in Nigeria’s downstream logistics, promising to enhance distribution efficiency while significantly reducing transportation costs. This development is more than just a logistical upgrade; it represents a holistic approach towards a more sustainable and economical fuel distribution system within the country. As part of this strategic initiative, the new Compressed Natural Gas (CNG) fleet, which will be operational from August 15, 2025, has been acquired through the Dangote…

What’s Driving This At present, Dangote’s refinery operates at an impressive capacity of about 85 percent, translating to 550,000 barrels per day from a potential 650,000. This makes it stand out as one of the largest single-train refineries in the world—a title that carries considerable weight in the industry. Why does size matter? A larger operation reduces the cost per barrel, and that’s just the beginning of the benefits. Pair this with the strategic introduction of Compressed Natural Gas (CNG) trucks, which…

In recent years, there has been a growing conversation about the economic landscape of African nations, particularly those with low diesel prices. While this could easily seem like a matter reserved for economists or policy analysts, the implications stretch far beyond the fuel gauge. Low diesel prices offer a multitude of economic and social benefits that ripple across industries, affecting daily life, commerce, and even food security. One might wonder: how does a dip in diesel prices translate to tangible…

In an era where fluctuations in global energy prices can send shockwaves through economies, it's notable that a handful of African nations have successfully shielded their citizens from the brunt of these challenges. As gasoline costs soar in various parts of the continent, it’s imperative to delve into the strategies adopted by these countries to alleviate the pressures on their citizens and economies. The benefits of stabilizing fuel prices extend beyond mere dollars and cents. They possess the potential to…

The Current Landscape of Fuel Prices in Ghana: A Closer Look The landscape of fuel prices in Ghana seems complex, yet at the heart of it lies a noteworthy paradox. Even amidst a remarkable appreciation of the Ghanaian cedi by 24% since January 2025, fuel prices have remained high. It's almost as if the very currency gains have created an illusion of affordability, while consumers at the pumps still feel the sting of rising costs. As reported by GlobalPetrolPrices.com, the current fuel price in Ghana stands at an…

Impact of Dangote's Supply Strategy on the Petroleum Industry In a bold move that some are heralding as revolutionary, the company announced its intent to supply Premium Motor Spirit (PMS) and diesel to a wide array of customers. This includes fuel marketers, gasoline dealers, manufacturers, telecom firms, aviation companies, and other sizable consumers. To sweeten this deal, they promised free logistics, enticing many stakeholders to take notice. Yet, as…

In a bold move designed to enhance distribution, a prominent company recently announced the provision of complimentary logistics to a diverse array of customers. This initiative will allow them to supply Premium Motor Spirit (PMS) and diesel to fuel marketers, gasoline dealers, manufacturers, telecommunications firms, aviation companies, and other significant users. It appears to be a strategic step aimed at consolidating market share and expanding the customer base. Yet, this announcement has provoked swift backlash from…

Egypt's Urgent Quest for Alternative Fuel Supplies Amid Regional Tensions In the midst of escalating regional conflicts, Egypt finds itself on the brink of a pressing energy crisis. As military tensions mounted between Iran and Israel, the disruption of natural gas flows has left Egypt scrambling to secure alternative fuel supplies. The urgency of this situation can hardly be overstated, especially when considering how intertwined such geopolitical dynamics are with a nation’s day-to-day energy needs. According to…

The persistent imbalance within Africa’s fuel pricing landscape has left many consumers and businesses disenchanted. Why, despite broader global stability, do fuel prices in various regions of Africa remain disproportionately high? This question echoes through the halls of government buildings, corporate offices, and everyday conversations among citizens. The answers are multifaceted and reveal the complexities of economics on the continent. One of the critical factors driving these high…