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Fuel prices at the pumps will see a marginal increase in the first pricing window of January 2022. This is as a result of the 8.18% increase in the price of the International Benchmark-Brent crude as well as the poor performance of the cedi against the dollar. This further means that fuel prices on the […]

The Chamber of Petroleum Consumers (COPEC) is worried that the directive to GOIL to reduce fuel prices could cost it GH¢9 million every month, insisting that is not a sustainable solution. Speaking on Eyewitness News, the Executive Secretary of COPEC, Duncan Amoah, said the directive was “very problematic” because of the possible effects on GOIL.

The GOIL Company Limited (GOIL) has with immediate effect withdrawn its membership from the Association of Oil Marketing Companies (AOMCs). GOIL’s decision followed accusations by the AOMCs that its recent reduction in fuel prices was influenced by the Government of Ghana, a major shareholder in the company. The AOMC had written to the Energy Minister, Dr

Ghanaian oil marketing giant, GOIL, has refuted suggestions that its latest 15 pesewas price reduction on petrol and diesel was in response to a directive from the government. GOIL has thus challenged the Association of Oil Marketing Companies to provide proof of its claims. GOIL’s reduction came barely 24 hours after commercial drivers embarked on

Government has directed the Ghana Oil Company (GOIL) to reduce price of fuel at the pumps effective Tuesday, December 7. This follows a crunch meeting between government and transport operators at the Presidency on Monday evening. Head of Communications at the GPRTU, Abass Imoro, who disclosed this on PM Express with Evans Mensah, on Monday, said government

The Coalition of Commercial Transport Owners has withdrawn its services until government scraps some taxes on fuel to enable reduction at the pumps. This has left many commuters who use their services to and from their various destinations stranded. The Coalition earlier threatened to embark on indefinite strike action today until government scraps taxes like

Fuel prices are likely to hit GH¢7.0 per litre or more by the end of 2021, the Institute for Energy Security (IES) has projected. Global demand for fuel is expected to increase in the winter and that could trigger a hike in prices globally in the wake of limited supply, Mr Fritz Moses, a Research

The Chief Executive of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid says the Authority has identified that a lot of illicit fuel trade activities were happening at the Aflao border. He stated that the NPA had not licensed any importer to bring fuel through the Aflao border and urged the border officers to stop

Members of the Ghana Chamber of Bulk Oil Distributors (CBOD) have undertaken a tour of the newly built Takoradi jetty, which was constructed by Ibistek Limited, a Ghanaian-owned engineering consultancy firm. The project is part of an expansion programme led by Marshall Oil and Gas, a subsidiary of Ibistek Limited, in collaboration with the Ghana

The Municipal Chief Executive (MCE) for Jomoro, Madam Louisa Iris Arde, has tasked the Board of Governors of the Petroleum Development Hub Corporation (PDHC) to be proactive in their activities. She said the Petroleum Hub was a crucial component of the nation’s industrialization drive, with the potential to generate jobs for the teeming youth in