CBOD announces reduction in fuel prices

CBOD, the Ghana Chamber of Bulk Oil Distributors has announced that this week, there will be a 15 per cent reduction in petroleum product prices.According to Senyo Hosi, the Chamber Chief Executive Officer, the decrease has become essential due to the peripheral decrease in the global market price for refined petroleum product prices.He is cited by the Daily Graphics as saying that one good news is the Cedi’s performance against other main foreign exchanges, especially the dollar.The Cedi’s performance is...

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BDCs to OMCS: Drastically reduce prices of fuel to reflect change

The Ghana Chamber Bulk Oil Distributors (BDCs) has appealed to Oil Marketing Companies (OMCs) to further reduce prices of petroleum products to reflect reliefs they are getting from them.There has been a 25 % reduction in oil prices but some OMCs have only sanctioned close to 15% reduction in price of petrol. Some stakeholders have criticised the new prices, arguing that it should have been reduced by more than the 15 %.The Chief Executive Officer of the Chamber, Mr. Senyo Horsi on...

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‘Let’s kill petroleum politics’ – Senyo Hosi

The Chief Executive officer (CEO) of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, has said that the decision by the government to allow the private sector to determine the prices of petroleum products  will not automatically reduce the prices of those products .Mr. Hosi believes prices of petroleum products will keep rising until government removes some of the taxes and ensures that the exchange rate is reduced.The CBOD chief made these comments, when his outfit  organized a day’s training...

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BDC saga: I didn’t confess to bribery allegations – Senyo Hosi

The Chief Executive Officer of the Chamber of Bulk Oil Distributors (BDCs) Senyo Hosi has denied confessing to the bribery allegations being levelled against him in a leaked tape currently in circulation. At a press briefing in Accra, Mr. Hosi said the leaked tape is a quest to deliberately malign his reputation and that of the members of the Chamber by creating the impression that “the accusations of bribery to connive and rob BOST are true.” According to a Daily Graphic...

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Ghanaians must endure IMF measures on fuel subsidies – Senyo Horsi

The Chamber of Bulk Oil Distributors is advising Ghanaians to embrace impending International Monetary Fund (IMF) programme that will eliminate government subsidies on petroleum products.The IMF in a statement on Friday announced some targeted key areas which its final programme for Ghana will help bring the ailing economy back on track.It among other things, identified the costly and untargeted subsidies for energy and petroleum products which they say must be eliminated, with a better prioritization of capital spending.Reacting to the...

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