• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

IES predicts looming shortage of diesel at pumps

3 years ago
in Economy, Energy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
83
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

IES predicts looming shortage of diesel at pumps

The Institute of Energy Security (IES) has predicted that there is a looming shortage of diesel in Ghana.

Some oil marketing companies (OMCs) are feeling the heat as checks at the various pumps indicate that there is no diesel at these fuel stations.

The IES has attributed the shortage to the Russia-Ukraine war which seems not to be ending anytime soon.

Research Analyst at the Institute, Fritz Moses, who revealed this, explained that, “We have been monitoring the market since the beginning of the year but we don’t have a wide spread report on the shortage in Ghana.”

“There is some shortage on the international market due to the Ukraine-Russia war which is also impacting on the local market. Yes, in the international market, we are seeing some drop in supply of diesel and that will cause a shortage on the local market”.

Mr. Moses warned that if nothing is done locally as well as internationally, the price of diesel will soar.

RelatedPosts

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

‘The Gulf of Guinea is our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

Read: Africa: Top five most produced cash crops on the Continent

“And for some weeks now, the price of diesel has gone up. We hope it will be solved as soon as possible because at the moment, the price of diesel is now higher than petrol,” he added.

Further stating that, “drivers should embrace themselves for further increment because of what is happening on the international market”.

This development has made some OMCs to adjust the prices of diesel with Total taking the lead. 

Total is selling a litre of diesel at GHS 11.30p up by a little over 8%, it has however maintained the price of petrol at GHS 9.35p.

GOIL earlier this week, also increased the price of diesel to GHS 10.90p per liter, but decided not to increase that of petrol.

Tags: ghanaIES predicts looming shortage of diesel at pumpsInstitute of Energy Security (IES)Oil Marketing Companies (OMCs)Russia-Ukraine war
No Result
View All Result

Highlights

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

Value or Illusion? Questioning the DStv “Increased Value Offer”

Inflation is Falling, But the Relief isn’t Uniform

Trending

Business

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

October 7, 2025

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford Former Second Deputy...

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

October 7, 2025

‘The Gulf of Guinea is our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

October 7, 2025

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

October 7, 2025

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.