As part of the preparation of spatial plans for the siting of the Ghana National Petroleum-Hub project in the Jomoro Municipality, the Land Use and Spatial Planning Authority(LUSPA), the Ministry of Energy and the Jomoro Municipal Assembly, have completed phase one of the project. The first phase land-use plan covers two main towns, Old Kabenla […]
Petroleum Hub project phase one completed Read More »
The prices of fuel at the various pumps in Ghana are set to witness a marginal increase, the Chamber of Petroleum Consumers Ghana (COPEC-Ghana) has disclosed. This comes barely a month after fuel prices increased by over 12% due to the introduction of some taxes, increases in margins by the National Petroleum Authority (NPA), and
Fuel prices set to increase in the next 10 days — COPEC Read More »
The Liquefied Petroleum Gas (LPG) Marketing Companies Association says it may lose GH¢60million worth of investment made into building some 100 LPG retail outlets which remain incomplete. The government, after the Atomic Gas explosion in 2017, placed a ban on new LPG retail points to allow for proper assessment of all LPG outlets nationwide. Although
LPG Marketers want govt to lift ban on construction of new LPG stations Read More »
Bongo lawmaker and a member of the Mines and Energy Committee of Parliament, Mr Edward Bawa has asked the government to immediately remove the Special Petroleum tax. He told Dzifa Bampoh on the First Take on 3FM Thursday May 6 that the tax which was introduced by the Mahama administration is not more relevant because
Special Petroleum tax no more relevant, remove it – Bawa to Govt Read More »
The Bulk Oil Storage and Transportation Company Limited (BOST) has cleared all of its GH¢237 million debt owed some domestic banks in the country. The money, which was owed GCB Bank, Fidelity Bank, UMB Bank and UBA Bank, was paid through a combination instruments including internally-generated funds, the upward adjustment of the BOST margin and
BOST clears GH¢237m debt to banks Read More »
The Chamber of Petroleum Consumers (COPEC) has taken a swipe at the National Petroleum Authority (NPA) for consistently failing to engage key stakeholders such as Parliament on increments in prices of petroleum products. The Executive Secretary of COPEC, Duncan Amoah on Eyewitness News said the NPA’s lack of engagement is inappropriate and unfair. His concerns come in
COPEC blasts NPA for not engaging stakeholders before increasing fuel prices Read More »
The recently increased fuel prices have been reduced after public uproar and disaffection towards government. The 17 pesewas per litre increase in fuel margins was previously announced. This pushed the pump prices to Ghc6.130 for both petrol and diesel. But the National Petroleum Authority (NPA) in a statement has reduced the 17 pesewas per litre
Fuel prices reduced after public uproar Read More »
A former Chief Executive Officer of the National Petroleum Authority (NPA), Moses Asaga has criticised the government for introducing new tax policies in the 2021 budget statement. Three of the new taxes which took effect on Saturday are as a result of the imposition of an Energy Sector Recovery Levy of GHS 20 pesewas per
New taxes on petroleum products unfair – Moses Asaga Read More »
The Chamber of Petroleum Consumers (COPEC) is urging government and the Ministry of Energy to review downward the price stabilisation and recovery levy to lessen the impact of international market prices shocks on pump prices. International Oil Prices for both crude and refined oil has surged by more than 12% from around $470/mt-$512/mt representing a
