Following a global report which has uncovered that Ghana’s market is flooded with toxic diesel, The Finder can report that data from the National Petroleum Authority (NPA) has revealed that Bulk Oil Storage and Transport Company Limited (BOST), the state owned strategic reserve holder accounts for a significant 25% of total quantity of diesel imported … Read more
The Institute For Energy Security (IES) is warning of a possible shortage of Liquefied Petroleum Gas (LPG) this month. “Within the first pricing window, The Institute For Energy Security foresees another round of Liquefied Petroleum Gas shortage on the local market,” it predicted. This was contained in IES’ review of the second pricing window for … Read more
Following the rebound in the global oil market price of both crude and refined petroleum, decrease in new imports to boost national stocks, and the relative stability of the cedi against the U. S. dollar; the Institute for Energy Security (IES) said it can project an increase of between 18 and 20 Pesewas per litre … Read more
Drivers within the capital have expressed mixed reactions over the possible increase in transport fares following an increase in the prices of petroleum products last Friday. Some of the drivers, who have been speaking to Citi Business News, fear they may be making huge losses if transport fares are not equally adjusted to meet the … Read more
Consumers of fuel will be paying more on fuel beginning September 1, the Chamber of Petroleum Consumers Ghana (COPECGH) has predicted. The hikes in the pricing, the chamber explained come as figures emanating from the various Bulk Distribution Companies point to an imminent upward adjustment in pump prices. “Figures from the various Bulk Distribution Companies … 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
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
The Ghanaian government has announced its intention to remove the subsidies on the nation’s petroleum products. Although the date of the implementation of this directive has not yet been announced, it is anticipated to take effect within the present calendar year. The announcement of this change in Government policy comes at a time when the … Read more