By Love Wilhelmina Abanonave
The Chief Executive Officer, (CEO) of the Chamber of Oil Marketing Companies, Dr. Riverson Oppong has stated that, fuel prices are likely to remain stable till March 15, 2026 but hikes are likely from March 16 to the end of the month.
“We should not really expect an increase in fuel prices till March 15, however from 16 to the end of March, there should be hikes”, he noted.
Speaking on GBC’s Talking Point, Dr. Oppong explained that, the global oil market is experiencing supply security issues due to the ongoing conflict between the US, Israel, and Iran, affecting countries like Pakistan and Australia.
However, Ghana is not expected to face fuel shortages, as it sources most of its fuel from Western markets, not the Middle East.
“Though the war is bringing supply security issues, Ghana does not have shortages in fuel yet as compared to Pakistan and Australia that have shortages”.
The US/Israel-Iran war began on February 28, 2026, with joint air attacks by Israel and the US on Iran, aiming for regime change. The conflict escalated after Iran’s Supreme Leader Ali Khamenei was killed in the strikes. Since then, Iran has retaliated with missile and drone strikes against Israel and US bases in the region.
