We’ve been engaging BoG; new interventions to reduce fuel prices in the offing – Chamber of Bulk Oil Distributors

The Chamber of Bulk Oil Distributors (COBD) says there will be some reprieve for consumers of petroleum products soon because of some measures the Bank of Ghana (BoG) has announced. The Central Bank has announced it will provide more forex for importers of petroleum products at competitive rates, which is expected to check the recent […]

Government to restore PSRLs on petrol, diesel and LPG effective February 1

The National Petroleum Authority (NPA) has indicated its decision to restore the Price Stabilisation and Recovery Levies (PSRL) on petrol, diesel and Liquefied Petroleum Gas (LPG) products effective February 1, 2022. President Akufo-Addo had directed the National Petroleum Authority to extend the removal of the Price Stabilisation and Recovery Levies on petrol, diesel, and LPG to […]

Government directs GOIL to reduce price of fuel after meeting with transport unions

Government has directed the Ghana Oil Company (GOIL) to reduce price of fuel at the pumps effective Tuesday, December 7. This follows a crunch meeting between government and transport operators at the Presidency on Monday evening. Head of Communications at the GPRTU, Abass Imoro, who disclosed this on PM Express with Evans Mensah, on Monday, said government […]

Fuel prices to reduce – IES

The Institute for Energy Security (IES) projects that price of fuel on the domestic market at the various pumps are set to dip for the second pricing-window of August 2021. According to the IES, this is due to the various change in prices of the commodities on the international market is expected to affect local […]

Fuel Fraud: NPA Boss, Hassan Tampuli saves Ghana over $300 million – Franklin Cudjoe reveals

Founding President of IMANI Africa, Franklin Cudjoe has eulogized the Chief Executive Officer of the National Petroleum Authority (NPA), Hassan Tampuli for saving Ghana a whopping $300 Million which would have been lost through fraudulent activities in the petroleum sector. BestNewsGH.com reports Mr. Cudjoe as saying but for the vigilance of the NPA Boss, the […]

Gov’t moves to combat fuel bunkering, smuggling; initiates cargo tracking system

Government, through the National Petroleum Authority (NPA) has commissioned the Command and Control Centre for the Bulk Road Vehicle (BRV) and the Electronic Cargo Tracking System (ECTS). The move marks part of efforts by government to combat illicit activities in the petroleum downstream sector such as bunkering, smuggling and dumping of fuel products that are […]

Cylinder Recirculation Model to create 4,500 jobs, first bottling plant to begin operations this year

The implementation of the Cylinder Recirculation Model (CRM) is expected to create not less than 4,500 jobs, the National Petroleum Authority has indicated. With the first bottling plant expected to be operational this year, the CRM will provide opportunities for new players to join the value chain in the distribution of LPG in the country, […]