Tag: National Petroleum Authority
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NPA sanctions seven OMCs for illicit fuel distribution
The National Petroleum Authority (NPA) has sanctioned seven Petroleum Products Marketing Companies (PPMCs) for illicit distribution of petroleum products. They are to pay fines for violating of Unified Petroleum Pricing Fund (UPPF) regulations, making false UPPF representations to the Authority, and engaging in third-party supplies. Failure by the affected companies to pay the fines will…
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Dissolve NPA if it cannot regulate fuel prices – Dr. Wereko-Brobby
A former Chief Executive Officer of the Volta River Authority (VRA), Dr. Charles Wereko-Brobby has called for the dissolution of the National Petroleum Authority (NPA) if it can’t regulate fuel price hikes to protect consumers. Dr. Wereko-Brobby in an interview on Eyewitness News on Tuesday, November 1, added that the NPA must control the Oil Marketing Companies…
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NPA orders 45 OMCs to settle PDM debt owed it by September 30
Forty-five Oil Marketing Companies (OMCs) have been given a 14-day ultimatum to settle debts owed the National Petroleum Authority (NPA). These debts, running into more than GHS400 million, are margins and levies owed to the Primary Distribution Margin Fund which have not been paid to the NPA. The defaulting companies include Glee Oil Limited, Apex…
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NPA encourages consumers to lodge complaints of foul play at the pump for redress
The National Petroleum Authority is encouraging the public to reach out to its office whenever they have a challenge with products sold to them at the pumps. This according to the NPA will enable it to weed out non-compliant companies in the system. Communications Manager at NPA Mohammed Abdul-Kudus stressed that it was important that…
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Fuel shortage: New policy to ensure direct delivery of fuel products underway – NPA
Government is currently implementing a new policy to ensure the direct delivery of fuel products to the country’s ports without bulk distributors. The policy, which differs from the previous arrangement where BDCs dealt directly with international oil companies is meant to prevent any instances of fuel shortage in the wake of the Russian-Ukraine war that…
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NPA waives Sulphur quantity required in petrol, diesel products for local refineries
The National Petroleum Authority (NPA) has waived off an ECOWAS specification regarding the quantity of sulphur allowed in petrol and diesel produced by local refineries. The waiver, taking immediate effect, will run till 31st December 2024 and will allow for licenced local refineries to remain operational whilst measures are introduced to meet the sulphur requirements…
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NPA assures of measures to ensure prosecution of fuel smugglers
The National Petroleum Authority, NPA, says a comprehensive approach has been instituted to ensure the prosecution of offenders or persons complicit in fuel smuggling in the country. According to the NPA, it has already introduced the Digital Retail Fuel Monitoring System, among others, last year, to address the issue. Ghana currently loses billions of Ghana…
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NPA confident fuel prices will be stable in November
The National Petroleum Authority, NPA, is confident that the two-month removal of the Price Stabilisation and Recovery Levies (PRSL) on petrol, diesel, and LPG will provide the desired relief to Ghanaians when it takes effect. According to the Authority, it will do everything within the law to ensure that the Price Stabilization and Recovery levy…
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Increase petroleum imports from Ghana – NPA boss to sole Burkinabe importer
In a bid to improve petroleum products trade between Ghana and Burkina Faso, the National Petroleum Authority (NPA) is reviewing the export and transit arrangements with Societe Nationale Burkinabe d’Hydrocarbures (SONABHY). SONABHY is the only institution mandated by law to import and distribute petroleum products in Burkina Faso. The review is to among other things…
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Ghana to assist Sierra Leone on petroleum downstream regulation
The National Petroleum Authority (NPA) has offered to assist its counterpart in Sierra Leone, the Petroleum Regulatory Agency (PRA), to improve efficiency in regulating the petroleum downstream in that country. In furtherance to this, a team from the NPA, led by its Chief Executive, Dr. Mustapha Abdul-Hamid paid a working visit to the Executive Chairman…