Tag: Oil Marketing Companies (OMCs)
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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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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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Stay away from predictions on fuel price movements – COPEC advises NPA
The Chamber of Petroleum Consumers Ghana (COPEC), has asked the National Petroleum Authority (NPA), to desist from making pronouncements on fuel price movements at the pumps. This follows the NPA CEO, Hassan Tampuli’s suggestion that per their calculation, consumers should expect about 15 percent reduction in fuel prices from March 15, 2020, which is the…