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    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

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    Transactions to be affected by E-levy

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NPA debunks RFO shortage rumors

bycitibusinessnews
October 2, 2017
in Government, Oil And Gas, Top Stories
Hassan Tampuli - CEO, NPA

Hassan Tampuli - CEO, NPA

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The Chief Executive Officer(CEO) of the National Petroleum Authority(NPA), Hassan Tampuli has debunked rumors of a shortage of Residual Fuel Oil (RFO) in the country.

This follows some rumors of an alleged shortage of the product which is used by factories in the country to generate steam in their broilers.

Some factories in Tema recently agitated over the alleged shortage of the product as they feared it would have a negative impact on their operations and production.

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Reacting to the rumors however, Mr. Tampuli told Citi Business News that the country has an adequate supply of RFO needed by all factories in the country to continue production.

“Sometimes I think it’s the work of scare mongers or let me say speculators because we have heard too many times that there is scarcity,

“We have not even come to the situation where we would be alarmed that there is scarcity of any product. We have every product in the country and as and when there is any scarcity we will be the first to know.” He added.

Mr. Tampuli assured that the authority is always working to keep adequate stock of RFO for the nnation.

He maintained that the fuel is important to keep many industries running hence the authority’s resolve to keep constant supply.

“So people and businesses should be rest assured that there is no scarcity of any product and that their businesses will not be affected”.

–

By: Anita Arthur/citibusinessnews.com/Ghana

 

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