Tag: NPA
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COPEC demands compensation for LPG consumers after withdrawal of ‘illegal’ levy
The Chamber of Petroleum Consumers, COPEC, says it will engage the National Petroleum Authority, NPA, on how consumers who were charged the 13.5 pesewas Liquefied Petroleum Gas (LPG) circulation levy will be compensated. The Minister for Energy, John Peter Amewu, last week announced that the NPA has been directed to stop charging the LPG re-circulation…
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‘Illegal’ LPG levy still charged despite supposed withdrawal – COPEC
Despite the assurance given by government that the controversial 13.5 pesewas cylinder recirculation levy has been withdrawn from the price of Liquefied petroleum gas, LPG, the Chamber of Petroleum Consumers, COPEC, insists the levy is still being charged at gas fuel stations across the country. COPEC is already in court with the Consumer Protection Agency…
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COPEC, CPA sue NPA over new LPG levy
The Chamber of Petroleum Consumers Ghana (COPEC), and the Consumer Protection Agency (CPA), have sued the National Petroleum Authority (NPA) over the introduction of the Cylinder Recirculation Recovery Margin (CRM), which will allow LPG operators to start charging 13.5 pesewas for each kilogram of LPG. The two entities in their writ of summons contend among…
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Calls for removal of Cylinder Recovery Margin unfortunate – NPA
The National Petroleum Authority (NPA), has described as unfortunate calls by the LPG Marketing Companies Association of Ghana for the withdrawal of the 13.5 pesewas cylinder recovery margin. The Authority has also condemned the assertion that the new charge will increase the price of LPG and other petroleum products at the pumps and thereby burden…
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COPEC demands official withdrawal of new ‘levy’ slapped on LPG by NPA
The Chamber of Petroleum Consumers, COPEC, is demanding an official publication from the National Petroleum Authority, NPA, notifying Ghanaians of a withdrawal of some levies it placed on Liquefied Petroleum Gas, LPG. According to COPEC, the NPA on Tuesday directed Oil Marketing Companies to start charging 13.5 pesewas on every kilogram of LPG from the…
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Petroleum Tanker Drivers Assoc. kicks against NPA’s Electronic Cargo Tracking System
Members of the Ghana National Petroleum Tanker Drivers Association have protested against the implementation of the new Electronic Cargo Tracking System by the National Petroleum Authority, NPA. The Electronic Cargo Tracking System and the National Command Centre from the National Petroleum Authority was launched in Accra in January this year to improve the efficiency of…
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Consumers must be measured in demanding fuel price reduction – Senyo Hosi
The Chamber of Bulk Oil Distributors has asked petroleum consumers to be circumspect in their demand for decreases in fuel prices at the pumps. According to the chamber, there are several factors that go into the computation of fuel prices before the ex-pump price is reached. Crude oil prices saw about 30 percent drop on…
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Stop interfering in fuel price movement – OMCs tell stakeholders
The Association of Oil Marketing Companies, has advised against what it calls undue interference in the pricing decisions of its members. This follows a statement by the Chief Executive of the National Petroleum Authority, Hassan Tampuli indicating that the Authority was anticipating a 15 percent reduction in the prices of fuel at the pumps, due…
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OMCs to reduce fuel prices from Monday, March 16
The Association of Oil Marketing Companies (AOMCs), has indicated that its members will reduce their fuel prices at the pumps from Monday [March 16, 2020], to reflect market conditions. The CEO of the Association, Kwaku Agyeman Duah, however failed to mention the percentage of reduction consumers should expect. Following a drop in global crude oil…
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Petroleum product pricing and deregulation rules can’t be sidestepped – Hassan Tampuli
The National Petroleum Authority, NPA, says it is committed to ensuring that the rules of petroleum product pricing and deregulation are adhered to. Oil Marketing Companies and regulators have often been accused of dragging their feet when fuel prices ought to go down at the pumps after reduced crude prices on the international market, but…