TOR recovery could help stabilise fuel prices – IES

The Institute for Energy Security (IES) says the operational recovery of the Tema Oil Refinery (TOR) could help stabilise fuel prices by reducing Ghana’s dependence on imported refined petroleum products and its exposure to global market shocks.The comments follow an announcement by TOR Managing Director, Edmond Kombat, that the refinery recorded a profit before tax of GH¢1.24 billion in 2025, its first return to profitability in a decade.