By: Mabel Adorkor Annang
Ghana’s petroleum consumption increased by 17.65 percent in the first half of 2025 compared to the same period in 2024, reaching 3.62 billion litres.
As captured in the Chamber of Oil Marketing Companies’, COMAC mid-year report, the growth was driven by an increase in demand for fuel for power generation, marine gasoil for foreign vessels and strong gains in petrol and diesel consumption.
Fuel for power plants recorded a dramatic 4,572.7 percent increase, while marine gasoil- foreign, rose by 420.7 percent, reflecting increased industrial and maritime activity.
Petrol and diesel demand grew by 21.66 percent and 20.69 percent adding nearly half a billion litres to national consumption.
COMAC said the figures highlight a shift in Ghana’s downstream petroleum sector, with power generation and maritime demand emerging as key growth drivers.
All 10 regions recorded growth, led by the Upper East Region with an 80.23 percent rise, the highest on record.
Ashanti, Upper West and Eastern regions also saw significant increases, while Greater Accra, though still the largest consumer with over one billion litres, grew by just 6.94 percent, pointing to a saturated market.
In a major industry shake-up, Star Oil overtook GOIL PLC as Ghana’s largest oil marketing company, increasing volumes by 41.02 percent to 403.3 million litres.
New entrants Moari Oil and Yass Petroleum grew rapidly by 373.16 percent and 261.10 percent, while Puma Energy saw its market share fall by 11.93 percent and GOIL declined slightly by 0.73 percent.
