Oil Disruptions: Ghana secures 320,000-barrel fuel shipment from Russia - Report

Ghana is taking steps to safeguard its energy supply amid global fuel disruptions linked to tensions involving Iran, with a tanker carrying refined petroleum from Russia currently en route to the country.

According to a report by Bloomberg, the vessel, Hellas Fighter, loaded with approximately 320,000 barrels of clean petroleum products at Vysotsk, is heading to Ghana’s main oil hub in Tema.

Ship-tracking data cited by Bloomberg shows the tanker passed Mauritania earlier this week and is expected to arrive on April 6, 2026.

The development forms part of Ghana’s strategy to diversify its fuel supply sources and strengthen energy security as global markets come under pressure.

Prior to this, a new price floor set by the National Petroleum Authority pegged diesel at a minimum of GH¢17.10 per litre and petrol at GH¢13.30 per litre for the first pricing window of April 1, 2026.

The ongoing conflict in the Middle East has disrupted global supply chains, particularly in the energy sector. The closure of key shipping routes such as the Strait of Hormuz has heightened concerns over supply shortages and driven up fuel prices worldwide.

Other countries are also taking steps to cushion the impact. In South Africa, Finance Minister Enoch Godongwana announced a temporary cut in the fuel levy for one month, effective April 1, 2026, to help contain rising fuel costs.

Meanwhile, Ghana’s latest shipment from Russia is expected to help stabilise supply, insulating the economy and ensuring steady fuel availability for consumers and businesses.

MA