Minority Caucus in Parliament has called for the immediate interdiction of the Chief Executive Officer (CEO) of the Bulk Oil Storage and Transportation (BOST) Company, Mr. Alfred Obeng Boateng, over the alleged sale of five (5) million litres of contaminated fuel. According to the minority, the transaction between BOST and an unlicensed company, Movenpiina, was … Read more
The National Petroleum Authority, (NPA), has confirmed that the two companies alleged to have purchased the over the sale of 5 million litres of contaminated fuel under suspicious circumstances from the Bulk Oil Storage and Transportation (BOST)Company, were not licensed to engage in that questionable transaction. The Authority said this in a statement signed on … Read more
The Minority in Parliament has called for a full scale investigation into issues surrounding the sale of five million substandard petroleum product onto the Ghanaian market. There have since been calls for the head of the Bulk Oil Storage and Transportation Company Limited to immediately step aside to allow an independent investigation to take place unimpeded. … Read more
The Minority in Parliament has called for the immediate interdiction of the Managing Director of the Bulk Oil Storage and Transportation (BOST)Company, Alfred Obeng Boateng, over the sale of 5 million litres of contaminated fuel. This call comes barely 24-hours after ACEP also called on the CEO to step aside for investigations into the matter. … Read more
The Bulk Oil Storage and Transportation Company Limited (BOST), has refuted claims it failed to carry out due diligence in its award of contracts to Movenpiina and ZUPOIL with regards to the sale 5 million litres of contaminated fuel. This claim was made by the Africa Centre for Energy Policy (ACEP). Among the claims, against BOST, … Read more
The Africa Centre for Energy Policy (ACEP), has called on the Chief Executive Officer of the Bulk Oil Storage and Transportation Company Limited (BOST), Alfred Obeng, to step aside for a full-scale investigation into the alleged sale of contaminated fuel. ACEP in a statement said the government must ask Mr. Obeng to stay away from … Read more
Ghana is likely to lose about 7 million cedis in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companies. Documents sighted by Citi Business News indicate that BOST has agreed to sell about 5 million litres of contaminated fuel to Movenpinna Energy. … Read more
IT has been established that until every Ghanaian gets access to potable water and the use of firewood and charcoal is stopped, stillbirths, in the country, will remain with us for a long time. A new research has revealed that the use of charcoal and firewood as well as the consumption of contaminated drinking water … Read more
The African Center For Energy Policy (ACEP) has called for pragmatic steps to stock fuel in order to power the nation’s thermal plants to avert a power crisis in the near future. According to the group, Ghana already has enough capacity but currently requires the financial strength to acquire more fuel to produce stable power. … Read more
Plans to cut airline CO2 using greener jet fuels made from waste wood have been dismissed as a “pipe dream” by environmentalists. Several high octane, waste-based biofuels are being tested by airlines as a way of curbing CO2. UN officials are set to endorse these fuels as a key part of global plans to stabilise … Read more
The Institute for Energy Security (IES) has projected a further drop in fuel prices for the second pricing window for this month. According to IES, market conditions are favourable for diesel and petrol prices to drop beyond 1.33% and 1.28 recorded respectively in the first August pricing window. “To the point where competition among the … Read more
President John Dramani Mahama on Monday said the National Petroleum Authority would soon reduce the prices of aviation fuel by 20 per cent to encourage more international airlines to purchase their fuel from Ghana. He said the agreement was as a result of complaints from most of the international airlines that Ghana’s aviation fuel prices … Read more
Fiscal challenges and the high cost of aviation fuel prior to its reduction last week has negatively impacted on Domestic Passenger Movements in the country. Figures released by the Ministry of Transport indicate that the sub-sector suffered some setback showing a decline, recording 195,447 domestic travel from January to June 2016, compared to 288,968 domestic … Read more
Prices of petroleum products are likely to go up by three per cent at the pump from today June 1, the Chamber of Petroleum Consumers Ghana (CPCG) has projected. Executive Secretary of the Chamber of Petroleum Consumers Ghana, Duncan Amoah, noted that the marginal increment followed the rise in the price of crude oil on … Read more
National Democratic Congress (NDC) Member of Parliament (MP) for Ketu North and Chairman of the Finance Committee, James Klutse Avedzi, has told Ghanaians to stop complaining about hikes in fuel prices if they want to see development. According to him, there is an alternative to consider if prices of petroleum products are too high. He … Read more
The 125-megawatts power barge is expected to consume about 30,000 metric tonnes of Heavy Fuel Oil (HFO) every month at a cost of between $7 million and $9 million, depending on current crude oil price movements. If the power barge was using crude oil, the 30,000 metric tonnes would cost between $11 million and $12 … Read more
Residents of Ashongmang, a suburb of Accra, are demanding the immediate suspension of work on a fuel station being built in the midst of residential buildings. The residents fear the fuel station will pose serious risks to them when it starts operating. “This is not a commercial area, it is residential area and there was … Read more
Confirmed reports coming in from TV3 indicate that most filling stations in the Accra metropolis have run out of petroleum products. According to the report, a visit to some filling stations Monday evening by the reporters revealed that while some of the stations have halted services to the motoring public, others are contending with long … Read more
Mr Moses Asaga, the Chief Executive Officer of the National Petroleum Authority (NPA), has called on Ghanaians to cooperate with government in the wake of the recent increase in petroleum products. According to Mr. Asaga, fuel is not a cheap commodity and as a result, government cannot continue to subsidize it. He noted that the … Read more
Starting Monday July 14, 2014, petroleum products fuel prices will be increased by 20% according to latest figures from the National Petroleum Authority (NPA). This will be the third time the NPA has increased fuel prices this year. The price of petrol (premium) saw the highest increase of 23.08 percent. This means a litre of … Read more