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Oil & Gas
Some oil companies going to black market due to $350m forex shortfall – Hosi
Some Bulk Oil Distributing Companies (BDCs) are going to the unregulated forex market (black market) to shore up dollar requirement to import oil into the country.
This is because the Bank of Ghana and the commercial banks are unable…
No need to panic over fuel shortage – Senyo Hosi
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…
GOIL devotes GH¢14.5m to corporate social responsibility projects
GOIL Company Limited, an indigenous Oil Marketing Company (OMC), spent GH¢14.5 million in 2021 on delivering its social responsibility programmes with a focus on education, health, and financial inclusion.
In 2020, it spent GH¢9.27…
NPA cautions public against buying diesel and petrol from table-top outlets
The National Petroleum Authority (NPA) has advised the public against patronizing fuel being sold on tabletop outlets in the country.
According to Mr Kwadwo Appiah, the Bono Regional Manager of the NPA, the quality of petrol and diesel…
Fuel prices to shoot up by 15% for the rest of June – IES
There will be a “sharp rise” in prices of petrol and diesel for the rest of June 2022, the Institute for Energy Security (IES) has projected.
The IES said petrol price will increase by about 10 per cent to sell above GH¢11 per litre and…
Supreme Court dismisses ENI, Vitol application to quash 30% payment order
The Supreme Court has dismissed an application filed by Operator of Ghana’s Sankofa oil field, ENI Ghana Limited and its partner Vitol Upstream Ghana Limited to quash the payment of 30 per cent of revenue from the sale of crude oil as…
Price of petrol to go up by 4% this week
Oil Marketing Companies are likely to sell a litre of petrol for about GH¢12.00 starting today, Wednesday June 1, 2022.
The increase at the pumps represents a surge from five to nine per cent, compared to the last pricing window, which…
Current fuel reserve can last for four weeks – NPA
The National Petroleum Authority (NPA) has allayed fears of imminent shortage of fuel following reported shortage of petrol and diesel at some filling stations.
The Authority said though some oil marketing companies recorded shortages at…
Petrol, diesel, LPG prices to go up this week – COPEC, IES
Fuel prices are likely to up in the coming days following a surge in prices of finished petroleum products and crude on the international market, analysts have projected.
In separate analysis of the May 2022 First Pricing Window (May 1…
Ghana government urged to strengthen institutional framework to address issues in energy sector
Reverend Professor Adobea Yaa Owusu, Associate Professor at the Institute of Statistical, Social and Economic Research, (ISSER) has recommended to Government to strengthen national institutional and regulatory frameworks to help address…