The downstream petroleum industry in Ghana has been losing market share.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

GOIL, TotalEnergies and Shell which used to be the big players in Ghana’s downstream petroleum sector have been losing out on market share in the last few months, data from the National Petroleum Authority, (NPA) has shown.

According to the NPA, petrol and diesel sales of GOIL, TotalEnergies and Shell declined in August 2024 compared to January 2024.

The data shows that GOIL sold 56,281,500 litres for diesel and petrol in January, but as at August, it was doing 52,886,500 litres representing a variance of about 6% decline. TotalEnergies did 31,302,000 litres in January, but as at August, it was doing 30,294,000, which reflects about 3% decline.

Source: newsthemegh.com