Prices of petroleum products will from Wednesday, March 16 experience a significant surge as consumers are expected to pay ¢11 per litre. The Bulk Oil Distributors has blamed the situation on the volatility on the market as well as the rising cost of crude on the international market. According to the Chief Executive, Senyo Hosi, […]
Fuel prices to hit ¢11 per litre from Wednesday, March 16 Read More »
Chief Executive Officer (CEO) of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi says the frequent hikes in petroleum prices in Ghana is a result of “very weak policy planning by successive governments.” His comment follows recent increases in the price of fuel, leading to a spike in the cost of living. According
The prices of petrol, diesel, and Liquefied Petroleum Gas (LPG) will go up by 25 pesewas per litre in the first two weeks of February, this year, the Institute for Energy Security has predicted. The Institute said the impending increment would be higher than projected if the Price Stabilisation and Recovery Levy (PSRL), currently suspended,
Fuel prices to go up by 25 pesewas per litre in February – IES predicts Read More »
The National Petroleum Authority (NPA) has announced the directive to local refineries to produce and supply at Sulphur level of 50 parts per million (50ppm) in accordance with the ECOWAS directive on Harmonized Specification for Automotive Fuels has been waived. The waiver effective Thursday, January 20, 2022 will run till 31st December 2024. It means
The CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi has lauded Nigeria’s Matrix Energy Group for constructing a liquefied petroleum gas (LPG) storage depot in Tema. The newly-built facility, which is known as Matrix Terminals, comprises two gas tanks with a total storage capacity of 6,000 metric tonnes. The Terminal commenced
Matrix Terminals will boost Ghana’s LPG security – Senyo Hosi Read More »
The Chamber of Petroleum Consumers (COPEC) has hinted that prices of petrol and diesel are expected to go up this month. According to COPEC, prices of the products may go up by 3.7% and 2.5% respectively, in the 1st Pricing Window of January 2022. In nominal terms, COPEC insisted that ex-pump prices of petrol and
Fuel prices may go up by 3.7% this month – COPEC predicts Read More »
The Bulk Oil Storage and Transportation Company Limited (BOST) says it will in 2022 continue with the upgrade of its depots across the country. It will also repair the remaining defective tanks and increase the Tema Akosombo pipeline capacity from the current six inches to 12 inches to improve the efficient delivery of petroleum products
BOST to upgrade depots, expand pipeline capacity in 2022 Read More »
Fuel prices at the pumps will see a marginal increase in the first pricing window of January 2022. This is as a result of the 8.18% increase in the price of the International Benchmark-Brent crude as well as the poor performance of the cedi against the dollar. This further means that fuel prices on the
Fuel prices to go up in January by 18pesewas – IES Read More »
The Chamber of Petroleum Consumers (COPEC) is worried that the directive to GOIL to reduce fuel prices could cost it GH¢9 million every month, insisting that is not a sustainable solution. Speaking on Eyewitness News, the Executive Secretary of COPEC, Duncan Amoah, said the directive was “very problematic” because of the possible effects on GOIL.
GOIL to lose GH¢9M monthly over fuel price reduction, it’s not sustainable – COPEC Read More »
The GOIL Company Limited (GOIL) has with immediate effect withdrawn its membership from the Association of Oil Marketing Companies (AOMCs). GOIL’s decision followed accusations by the AOMCs that its recent reduction in fuel prices was influenced by the Government of Ghana, a major shareholder in the company. The AOMC had written to the Energy Minister, Dr
