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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 […]

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,

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

Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi has been honoured by Customer Experience Professionals Ghana (CXPG), as one of the most outstanding personalities pushing for excellent citizen experience in the country. The award was conferred on Mr. Hosi as part of the annual CXP Ghana Conference in Accra.

In a bid to improve petroleum products trade between Ghana and Burkina Faso, the National Petroleum Authority (NPA) is reviewing the export and transit arrangements with Societe Nationale Burkinabe d’Hydrocarbures (SONABHY). SONABHY is the only institution mandated by law to import and distribute petroleum products in Burkina Faso. The review is to among other things

The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi says the Tema Oil Refinery (TOR), “a national liability”, should be privatized to stop it from continuing to be a drain on the Ghanaian economy. According to Mr. Hosi, the management of TOR must be reconstituted to comprise private individuals

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