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Re-introduce Stabilization And Recovery Levy—NPA To OMC’s

The National Petroleum Authority (NPA) last week directed all OMCs to re-introduce the levy on the price buildup of petroleum products. The directive is coming from the Energy and Finance ministries through the NPA and it was based on the established principle which seeks to insulate consumers against rising prices of petroleum products. Some industry […]

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IES predicts 3% decrease in fuel prices for second pricing window in June

The Institute of Energy Security (IES) is predicting that prices of fuel at the various pumps are expected to reduce by between 3 and 5 percent within the second pricing window in June starting from Monday, June 17. This the Institute is attributing to developments on the international market. Per the international market figures, average

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BDC’s Senyo Hosi To Speak At 2019 Ghana Day Offshore Technology Conference In Houston

The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi will speak at this year’s Ghana Day-Offshore Technology Conference (OTC) slated for Wednesday, May 8 in Houston, Texas. Mr Hosi, as a panelist will join renowned experts locally and internationally —a high level discussion on Ghana’s petroleum sector under the

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NPA Boss Warns Against Fronting In LPG Distribution

The Chief Executive Officer of the National Petroleum Authority, Hassan Tampuli has vowed to deal mercilessly with local companies found fronting for foreign companies in the Cylinder Recirculation Model (CRM) for the distribution of Liquefied Petroleum Gas (LPG). He said the Cylinder Recirculation Module is the sole reserve of indigenous companies. Mr. Tampuli noted that

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