No Panic over Fuel Supply over Middle East Tension-NPA Assures Ghanaians
The Chief Executive Officer of the National Petroleum Authority (NPA), Lawyer Godwin Edudzi Tamakloe, has assured Ghanaians that the country has adequate fuel reserves to prevent any shortage, despite ongoing tensions in the Middle East.
Speaking at a parliamentary retreat organised by the Energy Committee at the Royal Senchi Hotel in the Eastern Region, Lawyer Tamakloe disclosed that Ghana currently has over 200 million litres of petrol and more than 150 million litres of diesel in reserve.
“With the current stock levels and our continuous monitoring, I can confidently assure Ghanaians that we have enough fuel to meet national demand for more than two months,” he said.
His reassurance comes as global concerns grow over the escalating conflict between Iran and Israel, which threatens to disrupt oil shipments through the Strait of Hormuz—a critical passage for global crude oil transportation. The potential supply disruptions have sparked fears of rising fuel prices and shortages worldwide.
Lawyer Tamakloe, however, emphasized that the NPA is well-prepared to mitigate any potential shocks to the domestic fuel market.
“The Middle East plays a central role in the global oil supply chain, and any extended instability could affect shipping routes and fuel prices. That’s why our strategic stockpiles and partnerships have been structured to cushion Ghanaian consumers from such external shocks,” he explained.
He further highlighted the NPA’s close collaboration with the Ministry of Energy, the Bulk Oil Storage and Transportation Company Limited (BOST), and the Chamber of Bulk Oil Distributors to ensure continued fuel supply and market stability.
As global crude oil prices trend upward amid concerns over possible supply chain disruptions, the NPA’s assurance offers significant relief to consumers and businesses.
Lawyer Tamakloe also reaffirmed the NPA’s commitment to transparency and accountability in the energy sector, noting that the Authority will continue to provide timely updates to the public.
“In these unpredictable times, it is our duty to regulate efficiently while keeping the public well-informed and protected,” he said.
With its current fuel reserves and proactive planning, Ghana is well-positioned to maintain stability in its petroleum sector, despite global uncertainties.
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