NPA approves 2-month removal of Price Stabilisation, Recovery levy to reduce fuel prices

October 12, 2021 The National Petroleum Authority (NPA), has approved the removal of the Price Stabilisation and Recovery Levies (PRSL) on petrol, diesel, and LPG for two months. This was announced in a...

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October 12, 2021 / Comments (0)

NPA reduces fuel prices by 8 pesewas per litre

May 6, 2021 The National Petroleum Authority (NPA) has reduced the margin on the price of fuel by 8 pesewas per litre. Following the implementation of the newly-reviewed taxes on fuel, the margin on...

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May 6, 2021 / Comments (0)

NPA reduces fuel price margin by 8 pesewas per litre

May 5, 2021 Fuel prices at the pumps have been reduced by 8 pesewas per litre effective Wednesday, May 5, 2021. This means that the recent 17 pesewas per litre increase announced by the National...

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May 5, 2021 / Comments (0)

Jet fuel demand to rise as airport opens

September 8, 2020 Consumption of jet fuel is set to rise again, after experiencing significant falls due to the COVID-19 pandemic, on the back of the reopening of Kotoka International Airport (KIA), the...

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September 8, 2020 / Comments (0)

OMCs to increase petroleum prices by 14%, Bost margin and ex-refinery price major factors

June 4, 2020 The Association of Oil Marketing Companies (OMC) has said that by end of this week its members will increase petroleum prices by a minimum of 14 percent. Kwaku Agyemang Duah, the...

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June 4, 2020 / Comments (0)

BOST margin increase Petroleum products to increase less than 0.5 percent – NPA … meant to protect strategic national assets

June 3, 2020 The National Petroleum Authority (NPA) has said that per its calculations, the directive to Oil Marketing Companies to increase the Bulk Oil Storage and Transport (BOST) margin on petroleum...

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June 3, 2020 / Comments (0)

Oil contribution to GDP to drop by US$2.5bn

April 15, 2020 While oil contribution to government revenue is expected to drop by nearly US$600million, the sector’s total contribution to Gross Domestic Product (GDP) is set to drop by US$2.5billion...

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April 15, 2020 / Comments (0)