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Consumers of petroleum products are likely to pay more for the fuel at the various pumps in the first pricing window in June, the Institute of Energy Security, IES has predicted. The Institute of Energy Security explained to Citi Business News that, per its analysis, it expects the prices of fuel on the domestic market […]

The Chamber of Petroleum Consumers (COPEC) want reduction in the price of liquefied petroleum gas (LPG) as supplied to the market from Atuabo by Ghana Gas Company. Questioning why gas from Atuabo was high, the Executive Secretary of COPEC, Mr Ducan Amoah, said in a release copied to GraphicBusinessOnline that “It is an undeniable fact, that,

The Ghana National Gas Company Limited (GNGC), has described as misleading and mischievous claims by the Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Mr. Duncan Amoah, that LPG supplied by Ghana Gas Company at its Atuabo Gas Processing Plant is more expensive compared to imported LPG. According to GNGC, it is mindful of

This follows a statement by Mr Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), that the recent products were contaminated and could cause fire. However, in an official statement, signed by Mr Ernest Kofi Owusu-Bempah Bonsu, Head, Corporate Communications of Ghana Gas Company, and copied to the Ghana News Agency, on Friday,

Some eight persons suspected to be engaged in illegal bunkering have been arrested by the Ghana Maritime Authority in collaboration with the Western Naval command and marine police. The arrest was made during a routine patrol on the sea to check activities of such person on the seas of Takoradi. The eight suspects are currently

Crude oil prices fell on Monday, as global oil demand remains weak causing a rising glut of supply around the world. International benchmark Brent crude was trading at $30.55 per barrel at 0641 GMT for a 1.36% decline after closing Friday at $30.97 a barrel. American benchmark West Texas Intermediate (WTI) was at $24.46 a barrel

The Petroleum Hub Implementation Committee will serve as a focal point of all activities to ensure the realisation of the Petroleum Hub dream. The Members are Dr Mohammed Amin Adam, Deputy Minister of Energy in charge of Petroleum, Mr Joseph Cudjoe, Deputy Minister in charge of Finance and Infrastructure, Mr Adu Boahen, Deputy Minister of

The Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Edwin Provencal is asking government to increase the BOST Margin from the current three pesewas per litre to nine pesewas. According to Provencal, the increment will help them maintain the deteriorating facilities at BOST, a strategic asset of the State. He explained that

The price of OPEC basket of thirteen crudes stood at $14.36 a barrel on Wednesday, compared with $12.41 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of

The Chamber of Petroleum Consumers (COPEC) has called on the state to immediately address the UNIPASS issues to avert fuel shortage in the country. In a statement, COPEC said Oil Marketing Companies (OMCs) and the Liquified Petroleum Gas Marketing Companies (LPGMCs) that had orders for supply of fuel to various outlets could not load a