Category: Oil And Gas
-
Fuel prices may cross GH¢8 soon if Russia-Ukraine tensions stay high – COPEC
The Chamber of Petroleum Consumers (COPEC) is warning that if nothing is done by authorities in Ghana, regarding the rising fuel prices on the global market as Russia invades Ukraine, fuel prices could cross the GH¢8 mark at the pumps in the first pricing window of March. A barrel of Brent Crude Oil which was…
-
Fuel price hikes: Gov’t must act now to preserve economy – Mr Akwaboah
Former Board Chairman of the Association of Oil Marketing Companies, Henry Akwaboah says the government must address the erratic increase in the price of fuel in the country to prevent further escalation of the situation. Prices at the pumps are almost GHS8 at many fuel stations in the country after starting the year at about…
-
GNPC begins stakeholder engagements ahead of decommissioning of Saltpond Oil field
The Ghana National Petroleum Corporation (GNPC) has begun a series of engagements to inform, educate and solicit feedback from stakeholders as part of plans to decommission the Saltpond Oil Field, which is also Ghana’s first oil field. A statement issued by GNPC and signed by its General Manager for Sustainability and Stakeholder Relations, Dr. Kwame…
-
AOMCs lament constant hikes in fuel prices
The Association of Oil Marketing Companies says the constant hike in the price of fuel on the global market is taking a toll on their businesses. Speaking to Citi Business News, CEO of the Association of Oil Marketing Companies, Kwaku Agyemang Dua stated that the development has compelled OMCs to reduce their margins to stay…
-
Ghana still working to improve local content in Oil & Gas industry- Akufo-Addo
President Akufo-Addo says Ghana is still struggling to get more local companies to participate in the oil and gas industry years after laws allowing local content were enacted. The President was speaking at this year’s International Energy Conference and Expo in Guayana. Ghana’s local content policy underpinned by L.I 2204, is geared towards a progressive…
-
Fuel prices to go up again by about 30 pesewas – COPEC
As fuel prices continue to hike, consumers may have to brace themselves for more shocks in the next couple of days. The Chamber of Petroleum Consumers Ghana (COPEC) is forecasting fuel prices could go up by up to 30 pesewas soon. Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC), Duncan Amoah said in…
-
Fuel price hikes: Ride-hailing drivers call for adjustment in transport fares
The National Alliance of Digital Drivers is calling on their employers to adjust their fares upwards to make up for the increase in fuel prices. According to the Association, the continuous hike in fuel prices is taking a toll on their finances. A litre of fuel at the pumps crossed ed the GH¢7 mark in…
-
Fuel prices to go up as Price Stabilisation and Recovery levy is restored
Fuel prices at the pumps are expected to go up effective today, February 1, 2022, as the temporary removal of the Price Stabilisation and Recovery Levy (PSRL) by the National Petroleum Authority (NPA) comes to an end. Head of Pricing at the NPA, Abass Ibrahim Tasunti, spoke on the development. “As we speak the levies…
-
Expect another fuel price hike in February – IES
The Institute for Energy Security (IES) is projecting a further increase in the prices of Liquefied Petroleum Gas (LPG), Diesel, and Petrol at various pumps across the country, over the next two weeks. According to the Institute for Energy Security, this is in spite of the suspension of the Price Stabilization and Recovery Levy (PSRL).…
-
COPEC charges AOMCs to provide list of members dealing in adulterated fuel
The Chamber of Petroleum Consumers Ghana is urging the Association of Oil Marketing Companies (AOMCs) to work to improve the perception that some of its members retail adulterated fuel at the pumps. There is a general notion amongst Ghanaians that some oil marketing companies engage in such acts that can be damaging to vehicles. Validating…