Chief Executive Officer (CEO) for the Chamber of Bulk Oil Distributors (CBOD), Mr. Senyo Hosi has disclosed that Bulk Oil Distributing Companies (BDCs) in the count need more forex to pay suppliers to bring in more fuel products. In the midst of the fuel shortage scare, Senyo noted that the BDCs are facing the major […]
Record-high fuel prices mean government can no longer ignore the glaring need to revamp Tema Oil Refinery (TOR), says Institute for Energy Security (IES). Ghanaians are staggering under rising fuel costs, with prices having risen about 50 percent in the first five months of this year alone. The 45,000 barrels per day capacity refinery cracked
Fuel Price Hikes: Fix TOR now – IES tells government Read More »
The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, Mr Senyo Hosi has urged the public not to engage in panic buying of fuel because the country has a one-month fuel cover. Urging the public not to panic following a Bloomberg report about a looming shortage of fuel, Mr Hosi said members
Ghana has one month fuel cover – Senyo Hosi Read More »
The Institute for Energy Security is appealing to government to fast-track intervention in the rising fuel prices at the pumps to cushion consumers against hardships, following an expected increase in fuel prices at the pumps beginning today, March 16th, 2022. According to the energy think tank, the hikes in fuel prices has impacted negatively on
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 »
