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The National Petroleum Authority (NPA) has announced that President Akufo-Addo has approved the removal of the Price Stabilisation and Recovery Levies (PRSL) on petrol, diesel, and LPG for two months. This was announced in a press statement issued by the Authority’s Corporate Affairs Department today, October 11, 2021. “The National Petroleum Authority (NPA) wishes to inform the […]

Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi has commended the Interim Management Committee of the Tema Oil Refinery actions it has recently taken to stop the theft of petroleum products from the refinery. He however insists that the best way to deal with the problem once and for

Fuel prices have been increased in the Republic of Ghana, bringing more hardships to the already suffering consumers in the West African nation due to the Covid-19 pandemic. As of last night, September 30, 2021, the leading indigenous oil marketing company, GOIL, reviewed its prices upward from GHS 6.38 per litre for both petrol and

Fuel prices in the country are likely to see an increase by two percent in the following days. This is the latest prediction by the Institute for Energy Security. The IES prediction is based on the increase in prices of petroleum products on the world market and the depreciation of the Cedi. Research analyst at

The Chief Executive of Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi will moderate a panel discussion at the 2021 Offshore Technology Conference (OTC). The panel discussion which focuses on “Developing a Viable Downstream Petroleum Hub in West Africa (Ghana)” will come after the deliberation of policies that will enhance investment in the Sub-region’s upstream

The Institute for Energy Security (IES) has announced that fuel prices in Ghana will see some reduction in the second half of August at the various pumps. The current national average price of fuel per litre at the pump remains pegged at Gh¢5.97 for both Gasoline and Gasoil on account of the relative price stability.

The Chief Executive Officer of the National Petroleum Authority (NPA) Dr Mustapha Hamid is urging the media to take politics out of petroleum pricing in the country. He said prices of petroleum products are now determined by the forces of demand and supply as well as geopolitics among others. Urging journalists not to make petroleum

A report released by the Auditor General’s Department has said that 28 Oil Marketing Companies (OMCs) failed to pay GH₵226,942,904.00 taxes on petroleum products they lifted from the Tema Oil Refinery (TOR) between July 2018 to December 2019. This was contained in the 2020 Auditor General’s report on the public accounts of Ghana. According to

The National Petroleum Authority (NPA) on Wednesday, August 11 2021, organized a one-day workshop for media practitioners to educate them on what exactly goes into the pricing of petroleum products in the country. The event held at the Conference Hall of the NPA was attended by journalists who work with various media houses across the

Newly appointed Managing Director of Tema Oil Refinery (TOR), Edward Boateng is expressing his readiness of coming to fix challenges that have almost crippled the only state run oil refinery. According to the former Ghana’s Ambassador to China and journalist with CNN and GBC, he believes he has what it takes to make TOR a