Ben Nsiah is the Executive Director of CEMSE
The Executive Director of the Centre for Environmental Management and Sustainable Energy (CEMSE), Ben Nsiah, has warned that the ongoing joint US-Israeli attacks could have ripple effects on Ghana’s fuel prices during the second pricing window of March 2026, citing increases on the international petroleum market.
According to him, while fuel products remain available locally, consumers should prepare for higher pump prices ahead of the second pricing window, which begins on March 16.
He explained that the recent escalation in global prices will largely reflect on the domestic market.
Speaking in an interview with GhanaWeb Business, Nsiah pointed to diesel as a key concern, projecting a possible increase of at least 20 percent if prevailing conditions remain unchanged.
He noted that diesel prices on the international market have surged from about $711–$775 per metric tonne to around $872 per metric tonne, representing an increase of nearly 30 percent.
How the US-Israel-Iran conflict could affect Ghana
“But we should expect that prices will escalate higher than anticipated. From the look of things, I think diesel, for example, is going to increase by at least 20% if all other things are held constant.
“Because today, as we speak, on the international market, diesel that was trading around $711 or $775 per metric tonne is now at about $872 per metric tonne, which is roughly a 30% increment. So, we should hope that the war doesn’t prolong,” he said.
While acknowledging the National Petroleum Authority’s move to secure about five weeks of fuel stock as a prudent step, Nsiah stressed the need for additional forward-looking measures.
He suggested that beyond maintaining reserves, authorities should explore alternative sources of petroleum supply to help ease pressure on consumers.
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