Tag Archives: Fuel

Oil marketers have yet to receive a response from the Federal Government as regards the outstanding payment of bridging claims incurred by dealers for the transportation of petroleum products across the country and might go ahead with their proposed strike after the Sallah break. Members of the Independent Petroleum Marketers …

A fuel tanker with registration number GT 6490-Y has burnt beyond repairs after being involved in an accident at Nkawkaw, Hotel Junction. According to an eyewitness, the accident occurred around 4:30am when the driver failed at an attempt to climb a hill. The fully loaded tanker entered into a muddy …

Some daredevil residents of Pokuase, a suburb of Accra in the Greater Accra region were seen rushing toward an exploding tanker. The fuel tanker was involved in an accident at Pokuase at 2:30pm The tanker sparked flames but some eyewitnesses in their quest to take videos decided to move closer …

African airlines are expected to record a $4.1 billion loss this year on the back of expensive fuel that is eroding the gains made by a recovering business. Africa Airlines Association (AFRAA) says expensive jet fuel and other expenses involved in running the airlines will weigh down on the profits. …

Tanzanians are bracing for tougher times ahead as fuel prices across the country rose with effect from Wednesday, despite government subsidies. According to the Energy and Water Utilities Regulatory Authority (Ewura), prices for petrol, diesel, and kerosene have risen to levels never recorded before in the local market. As of …

The National Petroleum Authority (NPA) has announced that it is restoring the full Unified Petroleum Price Fund (UPPF) margin on petroleum products. It made the announcement to players in the industry on Thursday June 30, 2022, indicating that the decision takes effect from Friday, July 1, 2022. “We hereby wish …

There is no need to panic about fuel shortage in the country, Mr Senyo Hosi, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, has said. He said the country had one month fuel cover and urged the public not to engage in panic buying. “Yes, we …

Managing Editor of Insight newspaper, Kwesi Pratt Jnr. says government should stop blaming the rising cost of fuel prices on the Ukraine and Russia impasse. Over the months, there’s been astronomical increases in fuel prices, hence burdening commercial and private drivers and passengers. The prices currently stand at over GHC10 and …

Some residents of Abofour and Nkwaakwaa in Ashanti Region thronged the Kumasi-Techiman highway to siphon diesel after a Burkina Faso-registered tanker overturned, covering more than half of the main road. The residents raced to the scene to siphon the diesel, saying it was a good opportunity given the escalating cost …

Ghana owns only 27,000 barrels, representing 18 per cent of the 150,000 barrels of crude oil produced in the country daily. This is woefully less than the 96,000 barrels of crude oil the country consumes daily and does not have any significant influence on the continuous increase in prices of …