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Tag Archives: NPA

Fuel prices to increase between 3% and 5%

Prices of fuel are expected to go up by between three and five percent for the second pricing window in January. The second pricing window period spans from Tuesday, January 16, 2018 till the end of the month. According to the Institute of Energy Security (IES), the development can be attributed to the increase in crude oil prices, performance of ...

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Analysts urge private sector involvement in TOR

Analysts in the oil and gas sector are upbeat about government’s plans to revamp operations of the Tema Oil Refinery (TOR). Though they have largely lauded the move, the industry watchers have suggested the need to attract private sector participation in order to achieve the full objectives. The comments also follow recent fuel shortage and its impact in Neighbouring Nigeria. ...

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Petrol, LPG prices to remain stable at pumps – NPA

Prices of petrol and Liquefied Petroleum Gas (LPG)  will remain fairly stable at the pumps from January 1, 2018, the National Petroleum Authority (NPA) has announced. The NPA in a statement explained that, this is “in line with a drop in crude and petroleum prices on the world market, as well as stability in the exchange rate.” The Authority added that, ...

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No change in fuel prices during Christmas period – NPA

The National Petroleum Authority (NPA) has announced that the prices of petroleum products in the country will remain stable at the pumps during the Christmas season. It said the stability could be attributed to the marginal depreciation in the price of fuel on the world market. “The Authority wishes to advise the general public that prices of petroleum products at ...

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6 decisions gov’t has taken on premix diversion scandal

The government, through the Ministry of Energy, Ministry of Fisheries and Aquaculture Development, National Petroleum Authority and the National Premix Fuel Committee, have committed to taking 6 steps to address the premix fuel diversion canker reported by Citi FM over the past one week. The Ministries and agencies after an emergency meeting over the matter last week, resolved to among ...

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Publish weekly audit report – Premix distributors to NPA

The Oil Marketing Companies involved in distributing premix fuel across the country, are calling for the publication of weekly audits of the product. According to them, the move will curb the diversion of the product in the country and ensure transparency in the sector. Speaking on the Citi Breakfast Show on Monday, Coordinator of the Premix OMCs, Kwaku Agyeman Duah, ...

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Fuel prices: Jinapor warns gov’t over price Stabilization levy reduction

A former Deputy Power Minister, John Jinapor, has cautioned government against the implementation of the planned reduction in the price stabilization and recovery levy on some petroleum products without parliamentary approval. According to him, failure to do so will amount to a breach of the constitution. The NPA over the weekend announced that it has reduced the levy from 10 ...

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Stop controlling premix distribution – Nduom to gov’t

The 2016 flagbearer of the Progressive People’s Party (PPP), Papa Kwesi Nduom, is calling for an end to government control of premix fuel distribution in the country. He says fishermen must be allowed to buy premix fuel directly at fuel stations. Papa Kwesi Nduom’s comment comes on the back of the recent premix fuel diversion scandal that has rocked the ...

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Fuel prices remain unchanged at pumps

The prices of petroleum products will remain unchanged at the pumps at least for the first two weeks in December, despite a reduction in the price stabilization and recovery levy. As a result, the Chamber of Petroleum Consumers (COPEC) is urging consumers to disregard reports of reduction in fuel prices due to the development. The NPA has directed all Oil ...

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Premix diversion: I don’t have tracking system; NPA must arrest – Minister

The Minister for Fisheries and Aquaculture, Elizabeth Afoley Quaye, has said the National Petroleum Authority (NPA) is in a better position to act on the widespread diversion of premix fuel. According to her, the ministry does not have a tracking system to identify culprits hence the NPA, which has a system to track such happenings “must take action.” “They have the ...

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