Category: Oil And Gas
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Total Petroleum Ghana commits to better energy with 4th solar-powered station
Total Petroleum Ghana Limited has converted its service station at Korle Bu into a solar-powered one. The Total Group is committed to a global solar program and is aiming to equip 5,000 service stations with photovoltaic solar panels around the world. The project is fully aligned with Total’s ambition to become the responsible energy major…
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Switch to gas to reduce cost of power in Ghana again – Ministry
The Ministry of Energy is anticipating a further drop in electricity tariffs as the country works to increase the use of gas by power generation plants. This it believes should bring respite to consumers. Following promises of relieving the burden on consumers of electricity, the government announced major tariff reduction for electricity in 2018. Domestic…
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Cedi depreciation causes fuel price hike for a second time in March
Some Major Oil Marketing Companies (OMCs) have slightly adjusted upward the prices of petrol and diesel. Checks at various fuel stations showed that Shell and Total have increase the prices of petrol and diesel by six pesewas. The two companies are selling a litre of petrol and diesel for GHS5.24 representing a 1.16 percentage increase…
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We’re nowhere near the era of dumsor—Energy Minister insists
Energy Minister, John Peter Amewu has called on Ghanaians to dismiss claims by the Minority in Parliament that government has returned the country to an era of load-shedding popularly called “Dumsor”. This follows recent calls by the Minority on government to be candid with Ghanaians and release a load shedding timetable following the recent power…
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Cedi depreciation to push fuel prices to ‘all time high’ –IES
The Institute of Energy Security is predicting that prices of fuel will reach an all-time high within the second pricing window in March. The IES says fuel prices could go up by 2.5%. This, they attribute to the depreciating rate of the cedi. Citi Business News finds out how consumers will accept this development. The…
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Fuel prices to increase further if cedi depreciation continues—OMCs warn
Oil marketing companies (OMCs) are bemoaning the dire impact the cedi depreciation is having on their operations. The OMCs warn they may be forced to increase their prices at the pumps if the rate of depreciation continues. The local currency has depreciated more than 8.5 percent this year, hitting GHS5.54 from GHS4.99 at the beginning…
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Five companies to start Cylinder Recirculation Model–NPA
The National Petroleum Authority (NPA) has licensed five LPG marketing Companies to undertake the Cylinder Recirculation Model. The policy is expected to be rolled out before the end of the year. The marketing companies under the Cylinder Recirculation Model will be responsible for the distribution of already filled LPG Cylinders to consumers. They will also…
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Fuel prices increase; crosses 5 cedis mark
Prices of Petrol and Diesel have gone up beyond 5 cedis at some fuel stations in the country. Checks at two of the major Oil Marketing Companies, Total and Shell showed a 24 pesewas increase of the prices of both Diesel and Petrol. Both are now selling at GHc5.18 GOIL on the other hand is…
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Cylinder Recirculation Model not abandoned—Hassan Tampuli
The National Petroleum Authority (NPA) has started meetings with stakeholders in the LPG value chain this week to deliberate on possible timelines for the implementation of the Cylinder Recirculation Model. Already, the National Petroleum Authority has said that it is ready to begin the implementation of the Cylinder Recirculation Model of LPG distribution in the…