Tag: Goil
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GOIL records 26% increase in profit in 2022; approves ¢0.056 dividend per share
The Ghana Oil Company Limited, GOIL has recorded an impressive growth performance across key indicators of its operations for the year ended 31st December 2022. The company registered a profit after tax of 123.89 million cedis, representing an increase of 26 percent higher than what was recorded last year. The company also declared a dividend…
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Supply disruptions caused fuel shortages – GOIL
GOIL has attributed the recent fuel shortage at some of its stations across the country to operational challenges occasioned by supply disruptions. A statement by GOIL apologised for the inconvenience caused and revealed that over two million litres of fuel have been dispatched to stations experiencing the shortages. GOIL added that over one million litres…
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COPEC raises concerns over ‘high rates’ charged by major OMCS
The Chamber of Petroleum Consumers Ghana (COPEC) has expressed concern over what it describes as overcharging by the three major Oil Marketing Companies in the country. According to COPEC per data available to it for the first pricing window of the month, Petrol should retail at GHS 10.59 per litre and Diesel at GHS12.84 a…
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GOIL to lose GH¢9M monthly over fuel price reduction, it’s not sustainable – COPEC
The Chamber of Petroleum Consumers (COPEC) is worried that the directive to GOIL to reduce fuel prices could cost it GH¢9 million every month, insisting that is not a sustainable solution. Speaking on Eyewitness News, the Executive Secretary of COPEC, Duncan Amoah, said the directive was “very problematic” because of the possible effects on GOIL.…
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New directors of GOIL promise to improve the company’s profitability
Newly appointed directors of GOIL Company Limited have promised to prioritize the improvement of the company’s share value along with profitability during their tenure. Shareholders of GOIL at an Extraordinary General Meeting voted for and ratified the appointment of four individuals as new directors. The four include Mr. Reginald Daniel Laryea, Mr. John Boadu, Madam…
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GOIL partners GhIPSS to launch electronic payment system at fuel stations
Ghana Oil Company Limited, (GOIL) has partnered the Ghana Interbank Payment and Settlements System (GhIPSS), to provide an electronic payment option aimed at ensuring efficiency and security in financial transactions at fuel stations. The partnership will enable customers to purchase fuel and other products at GOIL service stations with the use of the GH-link cards…
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GOIL donates items worth over GHS50,000 to Poilce Hospital
As part of efforts to fight the coronavirus outbreak in the country, Oil Marketing Company (OMC), GOIL Company Limited, has donated items worth over GHS50,000 to the Police Hospital to help front line staff to fight the virus. The items include Medical scrubs, face masks, bed sheets, veronica buckets, liquid soap, tissue, hand sanitizers and…
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GOIL donates to 37 Military Hospital and National COVID-19 Fund
Indigenous oil marketing company, GOIL Company Limited, has presented personal protective equipment and disinfectants valued at GH₵50,000 to the 37 Military Hospital, and an amount of GH₵200,000 to the National COVID-19 Fund to support government’s efforts in combating the COVID-19 virus. The items comprised 100 pieces of full body gear; 100 pieces of surgical gown;…
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GOIL’s 0.2 percent fuel price reduction unacceptable – Alex Mould
Former Chief Executive of the National Petroleum Authority, Alex Mould has described as scandalous the recent fuel price reduction by Ghana Oil Company Ltd (GOIL) According to Mr. Mould, GOIL’s percentage price drop is insignificant as the price of oil on the international market has fallen drastically. “Oil prices down 7.5%, cedi appreciates from 5.7…
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GOIL reduces fuel prices
A release issued by indigenous petroleum company, Goil, says a litre of its newly introduced SuperXP RON 95 is now 5.40 Cedis while Diesel will now sell at 5.41 Cedis. “The revision in prices is as a result of reductions in international prices of finished products and the appreciation of the Cedi against major currencies…