The National Petroleum Authority (NPA) has taken notice of infractions by some Petroleum Service Providers (PSPs) who have engaged in illicit third-party trading of Petroleum products and has accordingly applied and the requisite sanctions. A statement from the Corporate Affairs Department of NPA listed the affected companies and accompanying sanctions …
Read More »NPA awaits directives from Finance Ministry on fuel prices
The National Petroleum Authority (NPA) says it has made a request through the Energy Ministry to the Finance Ministry to “review or reduce or remove” some taxes and levies on petroleum products in the country. The NPA says it is waiting for the Finance Ministry to do its analysis on …
Read More »NPA speaks about the erratic fuel price increases in Ghana
Nii Akwei Ismail Akwei hosts Mohammed Abdul-Kudus, the Communications Manager of the National Petroleum Authority, on the next episode of The Lowdown. Mr. Abdul-Kudus details some of the contributing factors to the inconsistent fuel price hikes; increase of prices on the international market. The guest also explains why calls by …
Read More »Price deregulation policy to be reviewed – NPA
The Chief Executive Officer of the National Petroleum Authority (NPA) Dr. Mustapha Abdul-Hamid has disclosed that the price deregulation policy of the petroleum sector is being reviewed. Addressing the media on Friday, 11 February 2022 in Kumasi after a tour of the Ashanti region, he said a committee was set …
Read More »NPA sanctions recalcitrant bulk oil distributing companies
The National Petroleum Authority (NPA) has sanctioned some Bulk Oil distributing companies (BDCs). The licenses of these companies have been withdrawn. This is due to their inability to meet the license requirement for them to continue to operate in the industry. The NPA however did not on the names and …
Read More »Kwame Sefa Kayi responds to critics of NPA appointment
• Sefa Kayi is a board member of the National Petroleum Authority • His appointment has been criticized by some Ghanaians • He has responded to his critics Celebrated broadcaster Kwame Sefa Kayi has reacted to critics of his appointment on the board of the National Petroleum Authority. The appointment …
Read More »We will not burden consumers with additional taxes – NPA tells LPGMCs
The National Petroleum Authority (NPA) has indicated it would not burden consumers with additional taxes especially not when some parts of the country are under a partial lockdown. This debunks media reports that the LPG Marketing Companies Association of Ghana (LPGMCs) are calling for the withdrawal of GHp 13.5 Cylinder …
Read More »Fall in petrol prices likely soon as price build up turns negative
Consumers of petroleum products in Ghana can now look forward hopefully towards a rare decrease in pump prices for both gasoline and diesel, as well as LPG. However the beginnings of possibly a sustained fall in global oil prices, which would drive a fall in pump prices for petroleum products …
Read More »Fuel prices to go up again
The Chamber of Petroleum Consumers has hinted of another upward adjustment in fuel prices at the pumps. According to the chamber, the National Petroleum Authority (NPA) has written to Petroleum Service Providers notifying them of an adjustment “some elements on the already high petroleum price build-up and fuel prices”. Fuel …
Read More »NDC demands ‘immediate’ removal of hikes in energy sector levies
The National Democratic Congress (NDC) is demanding immediate withdrawal of new increments in the Energy Sector Levies that have seen fuel prices go up. The opposition party says the citizenry are already experiencing “excruciating hardships” therefore, increasing fuel prices at this time will amount to the government being insensitive. Prices …
Read More »