Reasons for COPEC, ICU demo ‘not noble’ – NPA
The National Petroleum Authority (NPA) has said a planned protest march on Wednesday by the Chamber of Petroleum Consumers (COPEC) and Industrial and Commercial Workers Union (ICU) over hikes in the price of petroleum products is not justified. “We do recognise that the right to demonstrate for or against any course is a constitutionally guaranteed […]
Oil marketing companies increase fuel prices
More Oil Marketing Companies have started adjusting fuel prices at the pumps despite government activating the Price Stabilization and Recovery Levy Act to control recent price increases in the petroleum products. JoyBusiness understands another major Oil firm Shell is expected to review prices this afternoon, after a similar move by Total over the weekend. Sources […]
NPA to recall all gas cylinders in Ghana
Chief Executive Officer of the National Petroleum Authority, Hassan Tampuli, has said the NPA will be recalling all cylinders in Ghana as part of the Cylinder Re-Circulation Model. “The recall will take place when we start rolling out and that should be almost in the final stages,” he said Mr Tampuli said, “…When you do […]
Energy Ministry rejects calls to scrap special petroleum tax
The Ministry of Energy has rejected calls by the Chamber of Petroleum Consumers Council, to scrap the special petroleum tax on petroleum products. According to the Head of Communications at the Energy Ministry, Nana Damoah, scrapping the special petroleum tax will be detrimental to governments’ ability to raise revenue to tackle the energy sector debts. […]
Petrol, Diesel Prices Continue to Rise; All Eyes on Key GST Meet Today
Mumbai, Jan 18: Diesel prices on Thursday, January 18, hit another record high while petrol price was highest in three years. On Thursday, diesel price in Mumbai was Rs 66.30 per litre, 21 paise higher than yesterday. In Delhi, diesel was at Rs 62.25 per litre, 19 paise higher than Wednesday’s price. It was Rs […]
PIAC criticizes Finance Minister for breaching petroleum laws
The Public Interest and Accountability Committee (PIAC) is alarmed at the absence of an Investment Advisory Committee in the management of Ghana’s oil revenue for 2017. According to PIAC, the situation means the Finance Minister, Ken Ofori Atta has breached Section 29 of the Petroleum Revenue Management Act, hence must work to resolve the situation. […]
Premix shortage hits W/Region as NPA uncovers massive diversion
In the wake of the uncovered diversion of huge consignments of premix fuel meant for fisher-folk in the country’s coastal communities, fisher-folk in the Western Region, have told Citi News that the supply of the product has not been regular since the beginning of January 2017. They say the Nana Addo government started supplying the […]
Scrap ‘badly executed’ premix policy – Wereko-Brobby
Dr. Charles Wereko-Brobby, who once served as policy adviser when the sale of premix fuel for fisher-folk was instituted, has said the whole policy as currently exists must be scrapped. Whilst the policy introduced in 1990 was intended to help fisher-folk, Mr. Wereko-Brobby said “the intent was badly executed.” He was speaking on Eyewitness News […]
Abolish special petroleum tax – Energy analyst demands
Energy analyst, Richmond Rockson, has called for the removal of the special petroleum tax saying that will bring about 15 percent reduction in fuel prices. His comments come in the wake of reports from various fuel stations suggesting an increase in the prices of petroleum products on the market. The increment, according to the Executive […]
#Ghbudget: Ghanaians demand fuel price reduction, jobs
Ahead of today’s [Wednesday] reading of the 2018 budget and economic policy statement by the Finance Minister, Ken Ofori Atta in Parliament, some Ghanaians have been speaking about their expectations, and how they expect it to influence their lives. Some Ghanaians who spoke on Eyewitness News on Tuesday, were hopeful for among other things, a […]
