
IEA Pushes Members to Act Fast on Tightening Diesel Market
IEA Executive Director Fatih Birol has urged member governments to accelerate diesel releases ahead of the October 15 Governing Board meeting, as global diesel markets tighten further.

IEA Executive Director Fatih Birol has urged member governments to accelerate diesel releases ahead of the October 15 Governing Board meeting, as global diesel markets tighten further.

The Ghana Chamber of Mines says the state’s special share power already exists under Act 703 and has called for clarity over differing 15 year and 20 year mining lease positions.

Ghana’s Minerals Commission has suspended operational activities under Goldcoast GRC Ghana Limited’s offshore reconnaissance licences pending broader stakeholder consultations on environmental, ecological and social concerns.

Tullow Oil has begun selling crude from the Jubilee and TEN fields to refineries in Ghana, with Sentuo Oil Refinery taking the first cargo earlier in 2026.

PURC has facilitated the replacement of 10 damaged and overloaded transformers across the Central Region, targeting improved electricity supply for about 61,000 customers.

ACEP Executive Director Benjamin Boakye says Ghana’s victory in its tax arbitration with Tullow should reinforce revenue collection without damaging the commercial relationship or investor confidence.

Oil prices edged lower on Friday, with Brent at US$101.61 and WTI at US$92.02, as improving Middle East supplies offset renewed concerns over US-Iran tensions.

COMAC CEO Dr Riverson Oppong is urging government to temporarily freeze some fuel taxes and levies and consider using additional crude oil revenue to cushion Ghana’s downstream petroleum sector.

COMAC projects increases in petrol, diesel and LPG prices from October 1, 2026, as higher global petroleum prices and cedi depreciation increase pressure on the domestic market.

Government is maintaining the GH¢2 per litre diesel relief for October and November 2026, with the cost now split between a GH¢1 D Levy suspension and a GH¢1 reduction in statutory margins.

Energy analyst Ben Nsiah has called for the suspension of Section 136 of Ghana’s Customs Act 2026, warning that shifting petroleum tax obligations to BIDECs could strain fuel companies and threaten supply stability.

GoldBod generated US$1.871 billion in foreign exchange in September 2026, exceeding its US$1.4 billion target, with US$1.17 billion channelled to the Bank of Ghana.