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Tag Archives: NPA

Fuel price hikes: Gov’t taking Ghanaians for granted – Minority

The Minority in Parliament has thrown its weight behind the protests in the capital against the persistent hikes in the prices of petroleum products. earlier on Wednesday According to the Minority, the Special Petroleum Tax must be scrapped to ensure a reduction in the price of fuel. Speaking in an interview with a section of the media on Wednesday, Minority ...

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Scrap special petroleum tax – Wereko-Brobby urges govt

A former CEO of the VRA, Dr. Charles Wereko Brobby has impressed on government to scrap the Special Petroleum Tax in order to relieve consumers of the burden of escalating petroleum prices. He maintains that consumers will continue to bear the brunt of the price hikes despite attempts to review the mode of calculating the tax. Dr. Wereko Brobby’s comments ...

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Scrapping fuel taxes will ‘collapse’ Govt’s revenue structure – NPA

The Chief Executive Officer of the National Petroleum Authority (NPA), Hassan Tampuli, has insisted that government cannot scrap or review taxes on petroleum products downward any further. According to him, the taxes have been incorporated into government’s revenue projections for the year and any attempt to scrap any of them could spell doom for the current revenue structure. Speaking on the ...

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Consumers demand disclosure on petroleum price stabilization levy

Pressure is mounting on government to come clear on the implementation of the price stabilization levy on petroleum products. Industry watchers argue that consumers risk being shortchanged, if the regulators fail to regulate the application of the levy. The comments come in the wake of marginal rise in the prices of petroleum products for the first two weeks (1st to 15th) ...

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NPA to recall all cylinders under recirculation model

The National Petroleum Authority (NPA) has told Citi Business News it would recall all cylinders currently in use with the full implementation of the cylinder recirculation model. The CEO of the NPA, Hassan Tampuli explains that the plan is to regulate the program and improve standards. “There is a stage in the implementation regime; the total cylinder recall. We will recall cylinders ...

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Consumers seek NPA intervention as fuel prices rise

Citi Business News has gathered that prices of fuel have gone up at some pumps effective Tuesday, January 16, 2017. This follows an earlier prediction by the Institute of Energy Security (IES) that prices will go up by between 3 and 5 percent. According to the IES, the development can be attributed to the increase in crude oil prices, the performance ...

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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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