Ghana’s growing refinery capacity will improve fuel security but cannot yet shield the country from global petroleum market shocks, an energy expert has said. He said Ghana consumed between 120,000 and 140,000 barrels of petroleum products daily, making current domestic refining capacity inadequate to satisfy total demand. Mr Nsiah said expanding local refining capacity was an important step towards strengthening energy security but would not, on its own, insulate the country from international fuel price fluctuations. Mr Nsiah said that as local refining capacity expanded, Ghana should gradually recalibrate its petroleum pricing framework to reflect domestic refinery costs and operational realities. He said a stronger local refining industry would provide an opportunity to reduce the country’s dependence on international pricing benchmarks that continue to influence domestic fuel prices.