Ghana’s growing refining capacity will improve fuel security but cannot yet fully shield the country from global petroleum market shocks, Benjamin Nsiah, an energy expert, has said. He said the country’s petroleum pricing regime remained exposed to international market developments because a significant proportion of refined petroleum products was still imported. He said fluctuations in global oil prices and foreign exchange rates could therefore continue to affect domestic fuel prices despite efforts to expand local refining capacity. He also recommended that Ghana gradually recalibrate its petroleum pricing framework as domestic refining capacity expanded to reflect local refinery costs and operational realities. Mr Nsiah said a stronger domestic refining industry would create an opportunity to reduce dependence on international pricing benchmarks that significantly influence fuel prices.