Dr Riverson Oppong is the CEO of the Association of Oil Marketing Companies
The Chamber of Oil Marketing Companies (COMAC) has expressed its displeasure over some irregularities identified in its latest mid-year industry report.
The chamber highlighted several small companies that have lifted unrealistic volumes of petroleum products for sale without facing any consequences.
Speaking to the media on October 6, 2026, COMAC CEO, Dr Riverson Oppong, warned that the chamber will not relent in exposing companies that fail to comply with the rules governing the downstream sector.
According to the chamber, two oil marketing companies: Moari Oil and Yass Petroleum, have been asked to submit their own data for scrutiny and further investigation.
“There are concerns about some of the figures projected by the chamber, and therefore, we are seeking engagement with the regulator, the NPA. We are also seeking engagement with our members involved in both LPG and oil marketing because charity begins at home,” he said.
In the first half of the year, Ghana’s petroleum consumption across all products reached over 3.62 billion litres, representing a 17.65% increase compared to the 3.07 billion litres consumed during the same period in 2024.
The Upper East Region recorded an exceptional 80.2% growth, followed by the Ashanti Region with 22.2%, the Upper West with 21.7%, and the Eastern Region with 21.2%.
The Bono and Ahafo Regions followed with 19.2%, the Western Region with 17.9%, and the Central Region with 16.2%, while Greater Accra recorded a 6.9% growth.
The Northern and Volta Regions recorded growth rates of 9.4% and 3.4%, respectively.
In terms of product breakdown, the report revealed that petrol consumption in the Upper East Region grew by 86.39%, diesel increased by 68.54%, LPG rose by 32.37%, and Cell Site Gasoil surged dramatically by 571.53%.
However, kerosene usage declined by 50%, indicating a shift by households toward cleaner fuels.
Depreciating cedi to push fuel prices up – COMAC CEO
However, COMAC’s Board Chairman, Gabby Kumi, stated that the chamber is embarking on a relentless effort to restore sanity in the industry.
Kumi pointed to the ongoing abuse of the Unified Petroleum Price Fund (UPPF) by some oil marketing companies.
The UPPF is a government fund managed by the National Petroleum Authority (NPA) that ensures uniform petroleum product prices across the country by subsidising transportation costs to remote areas.
He said the latest report clearly supports the assertion that the UPPF is being abused.
He also questioned the significant rise in LPG consumption patterns. According to the mid-year report, LPG consumption in the Upper East Region rose by almost 86%, while the national average increase was only 5%.
He emphasised that instilling sanity in the system is non-negotiable.
Kumi alleged wrongdoing in the activities of certain Oil Marketing Companies and the staff of the National Petroleum Authority.
“You cannot tell me, by any stretch of the imagination, that LPG consumption nationally went up by 5%, but in the Upper West Region it rose by 86%. This is absolutely ridiculous. The biggest LPG station in the Upper West Region recorded a consumption increase of just 6.5%, and that’s the largest. What economic activity is going on there to justify such growth in figures?” he questioned.
Read the full report below
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