Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, has lamented the country’s high cost of fuel prices. According to him, the government must manage the foreign exchange rate to mitigate the high cost of fuel prices. “One of the most potent and immediate things that government can do is […]
Manage foreign exchange rate to prevent increase in fuel prices – Senyo Hosi Read More »
The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has indicated that petroleum service providers that indulge in fuel adulteration deprive consumers of value for money at the retail outlets and also cause damage to engines of vehicles and machinery. According to him, fuel adulteration increases the emission of harmful compounds such
The Chief Executive Officer of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid has engaged stakeholders in the Eastern Region to familiarize themselves with the operation of the organization. The visit was to among others know the people and “understand their sentiments to be able to craft and execute a vision that resonates with the
NPA Boss Engages Stakeholders in Koforidua Read More »
The National Petroleum Authority (NPA) has announced that some fuel pricing reliefs granted by government to cushion Ghanaians over the next two months as a result of the escalating prices of oil on the international market takes off on November 1. It said the Ministry of Finance, by a letter dated 21st October, this year,
Price Stabilisation Levies on fuel starts on November 1 Read More »
The Ghana Chamber of Bulk Oil Distributed (CBOD) is calling on government to urgently rehabilitate and properly maintain the road network in and around the petroleum storage management industrial area in Tema. The main road to the area is a 7.2 kilometre single carriageway, which is meant to facilitate service delivery by industry giants like
The Africa Centre for Energy Policy (ACEP) Wednesday said the prices of a litre of petroleum products have increased by about 33 per cent this year. The Centre said these increments introduced significant cost burden on the productive sector and the average Ghanaian. Mr Benjamin Boakye, the Executive Director of ACEP, said addressing that would
Fuel increments introduce significant cost burden on the average Ghanaian – ACEP Read More »
The Institute for Energy Security (IES) is worried government may not have an immediate solution to the consistently rising fuel prices at the pump. The prices have been on a steady rise since April 2021 leading to complaints about hardships from Ghanaians. Currently, a litre of petrol and diesel is selling at GH¢6.80 at the
Fuel price hikes will continue – IES Read More »
The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi, has indicated that there is no prospect for reduction in fuel prices in the country. Speaking on JoyNews’ Newsfile on Saturday, October 16, 2021, he argued that, since Ghana is not a lead exporter of crude oil on the international market,
Nothing will change about fuel prices – CEO of Bulk Oil Distributors Read More »
The Ghana Chamber of Bulk Oil Distributors (CBOD) has commended the Ministry of Energy, and the National Petroleum Authority (NPA) on steps taken to address the chambers’ concerns over the delayed implementation of the government’s policy on local content and Ghanaian participation in the downstream petroleum sector. CBOD petitioned the NPA earlier in October requesting
The Institute for Energy Security (IES) has projected the prices of fuel at the local pumps to go up in the second pricing window of October. This is because of the 6.89 percent increase in the price of the International Benchmark- Brent crude, the 6.54 percent increase in price of Gasoline, the 3.49 percent increase
IES projects fuel price increase in second pricing window of October Read More »
