Tag: NPA
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NPA to regulate bitumen supply chain to ensure quality and efficiency
The National Petroleum Authority (NPA) is developing a framework to regulate the importation, storage, processing and marketing of bitumen in the country. The framework, which will have inputs from the Ghana Standards Authority (GSA), the Ghana Highways Authority (GHA), and the Customs Division of the Ghana Revenue Authority (GRA), is to streamline the bitumen supply…
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Gold-for-oil: Govt spent $40m on first consignment – NPA
The National Petroleum Authority (NPA) has revealed that the initial 40,000 tonnes of diesel that arrived in January under the Gold-for-oil policy were valued at US$40 million. The clarification by the NPA comes after several calls by industry experts including the Institute of Energy Securities for the government to provide details on how much it…
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NPA revokes licenses of 30 OMCs
The National Petroleum Authority (NPA) has revoked the licenses of 30 oil marketing companies. This was announced in a statement issued by the NPA. “The National Petroleum Authority wishes to bring to the attention of the general public that the licenses of the underlisted Oil Marketing Companies have been revoked for non-compliance with the rules…
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NPA directs OMCs to increase UPPF and BOST margin on fuel effective Dec. 1
The National Petroleum Authority (NPA) has directed Oil Marketing Companies and other industry players to increase the Unified Petroleum Price Fund (UPPF) and Bost margin on fuel effective December 1. A November 30 memo sent to the Oil Marketing Companies indicated that the firms were all to review the BOST Margin in their Price Build…
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NPA to ensure vehicles of affected Atimpoku Shell fuel station customers are fixed
The National Petroleum Authority (NPA) has assured customers of the Shell fuel filling station at Adomi Bridge, Atimpoku, in the Eastern Region whose vehicles were damaged after they were sold water–laced petroleum products of a redress. According to the NPA, it will compel the Oil Marketing Company to fix the vehicles of affected customers. The…
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LPG Marketers Association promise availability of product after strike
The LPG marketers Association of Ghana is assuring consumers they would get products to buy from the retail outlets of its member across the country. This comes after an earlier strike by the association over an embargo instituted by the government on the construction of new LPG stations in 2017. The development left many consumers…
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Fuel prices to go up as NPA announces restoration of UPPF margin
The National Petroleum Authority (NPA) has announced that it is restoring the full Unified Petroleum Price Fund (UPPF) margin on petroleum products. It made the announcement to players in the industry on Thursday June 30, 2022, indicating that the decision takes effect from Friday, July 1, 2022. “We hereby wish to inform you that, following…
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NPA boss named outstanding public sector leader of the year
The Chief Executive of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid continued in his streak of silverware collection as he emerged the ‘Outstanding Public Sector Leader’ for the year 2021 at the Ghana CEO Excellence Awards held at the plush Kempinski Hotel in Accra. He was awarded for his Sterling Leadership, Achievement, Business Excellence…
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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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Scrapping of PSRL stalls as fuel prices rise to GH¢6.80 per litre
The much-anticipated removal of the Price Stabilization and Recovering levy of 16 pesewas in the price build-up of fuel at the pumps is yet to take effect even as the second pricing window commences. This is because Parliament is yet to give the National Petroleum Authority (NPA) the approval needed to scrap the levy. While…