The Institute for Energy Security (IES) has cautioned that Ghana may experience a fuel price hike within the next two weeks, despite current stability in pump prices.

According to Nana Amoasi VII, Executive Director of IES, ongoing tensions in the Middle East are likely to drive up global petroleum prices, which could eventually affect fuel costs in Ghana.

Speaking on the Citi Breakfast Show on Monday, June 16, 2025, he noted that prices may remain stable, or even drop slightly, in the short term, but warned that a reversal is likely.

“We are going to experience some stability or even a drop in fuel prices from today going forward. However, because prices have started skyrocketing on the global market, we must prepare for a possible hike in the next two weeks,” he stated.

He added that while Ghana has limited control over global market trends, diplomatic efforts to resolve geopolitical tensions could help ease prices in the future.

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