fuel

NPA To Label Fuel Pumps Based On Octane Grades
11 Dec

NPA To Label Fuel Pumps Based On Octane Grades

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Head of Quality Control at the National Petroleum Authority (NPA), Ubeidalah Saeed, says the Authority has sanctioned the labeling of pumps for petrol based on their octane grades. This, he says, has become necessary due to recent concerns about the quality of petrol being sold at the pumps. Several Ghanaians had shared pictures of their damaged spark plugs on social media which they attributed to the tainted petrol on the Ghanaian market. Reacting to the situation on Joy FM’s Super Morning Show, Ubeidalah Saeed who says he has also been a victim noted that the NPA has been working tirelessly…
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NPA Upgrades Standard For Petrol Imported Into Ghana To Meet EURO IV & EURO V Standards
17 Nov

NPA Upgrades Standard For Petrol Imported Into Ghana To Meet EURO IV & EURO V Standards

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The National Petroleum Authority (NPA) has upgraded the standard for gasoline, commonly known as petrol or super used in the country. This follows the review of the Ghana Standard for gasoline (GS140:20220) to align with the requirements of regular grade gasoline with EURO IV and ECOWAS standards for gasoline. The new standard also requires that premium grade gasoline requirements comply with EURO V standard. The regulator of the downstream petroleum sector has, therefore, directed that effective January 2024, all gasoline [petrol] imported into Ghana must meet EURO IV & EURO V for regular and premium grades respectively. “The standard has…
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Fuel Prices To Reduce By 2% And 6% From October 16 – IES
16 Oct

Fuel Prices To Reduce By 2% And 6% From October 16 – IES

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The Institute of Energy Security has projected that fuel prices at the pumps will see some marginal reduction from October 16, 2023, the beginning of the second pricing window for the month. The Institute said petrol, diesel, and Liquified Petroleum Gas are expected to reduce by between 2% and 6%. It attributed the reduction to international market dynamics. “Following the fall in the price of refined products prices on the World Fuel Market by 13.06%, 6.40%, and 9.67%, for Gasoline [petrol], Gasoil [diesel], and LPG respectively, and taking into consideration the 1.42% depreciation of the Ghana cedi against the greenback…
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Petrol To Sell At GH¢12.97, Diesel GH¢13.43 Per Litre From August 16 – COPEC
15 Aug

Petrol To Sell At GH¢12.97, Diesel GH¢13.43 Per Litre From August 16 – COPEC

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The Chamber of Petroleum Consumers (COPEC) has noted that there will be an increase in the prices of petroleum products. According to the Executive Secretary of COPEC, Duncan Amoah, petrol and diesel may increase by 5.7%. Currently, petrol and diesel are selling at GH¢12.95. COPEC added that the price of LPG will also increase to about 11.9% within the same period. He said: “Indications are that Petrol and Diesel pump prices are likely to increase averagely by about 5.7% over the current mean price of GHS12.45/L across the country whilst LPG prices increase by about 11.9%. “The following basic information…
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Fuel Prices To Rise Marginally In Next Pricing Window – COPEC
14 Jun

Fuel Prices To Rise Marginally In Next Pricing Window – COPEC

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The Chamber of Petroleum Consumers (COPEC) has predicted a marginal increment in fuel prices in this pricing window. According to the Executive Secretary of COPEC, Duncan Amoah, petrol and diesel prices are expected to see an increment between 2% and 5% compared to the current prices at the pump. He stated that the increase in petroleum products is due to the depreciation of the local currency - Cedi against the major trading currency - dollar. He however noted that Liquefied Petroleum Gas (LPG) prices remain unchanged. In an interview with Citi News, Duncan Amoah said, “Fuel products across the country,…
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Cedi Stabilisation Critical To Affordable Fuel Prices – CBOD
05 Jun

Cedi Stabilisation Critical To Affordable Fuel Prices – CBOD

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The Ghana Chamber of Bulk Oil Distributors (CBOD) has called on the government of Ghana to expedite measures in stabilizing the Cedi to ensure reductions in the prices of fuel across the country. The Chamber believes that a stable currency will see a reduction in the prices of diesel, petrol and prices of other goods and services. The Chief Executive Officer of CBOD, Patrick Ofori, speaking during a virtual media interaction, stated that even though international market prices and forex rates affect fuel pump prices, the forex rate changes on pump prices had an enormous impact on fuel prices in…
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OMCs Start Increasing Fuel Prices; Goil Selling A Litre Of Petrol, Diesel For ¢12.45
01 Jun

OMCs Start Increasing Fuel Prices; Goil Selling A Litre Of Petrol, Diesel For ¢12.45

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Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps. Goil has taken the lead, selling at litre of diesel and petrol at ¢12.45 pesewas from its old price of ¢12.30 pesewas a litre. The increase is in line with the biweekly review of prices at the pumps. The latest increase, according to some stakeholders is due to the cedi’s performance and crude prices on the international market. It is expected that more OMCs will also adjust prices upward later today. IES prediction Earlier, the Institute for Energy Security (IES), predicted that prices of petrol…
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Fuel Prices Drop As Some Omcs Sell Petrol, Diesel At GH¢12.30
16 May

Fuel Prices Drop As Some Omcs Sell Petrol, Diesel At GH¢12.30

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Some Oil Marketing Companies (OMCs) have begun the reduction of fuel prices from May 16, 2023, as the second pricing window in May begins. The first to reduce its prices are state-owned GOIL, selling diesel and petrol at GH¢12.30 from an earlier GH¢12.64. This is a 34 pesewas reduction in the price of petrol and diesel. Other OMCs are also expected to follow suit by the close of the day as some are yet to effect the new changes in the price of fuel. International oil prices have experienced some reductions recently. This has contributed to the reduction in local…
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Desist From Buying Fuel Products From Unapproved Retail Outlets – NPA To Motorists
09 May

Desist From Buying Fuel Products From Unapproved Retail Outlets – NPA To Motorists

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Motorists in the country have been cautioned to desist from buying petroleum products from unapproved retail outlets, also known as table tops. According to the petroleum regulator, these adulterated fuel products pose grave risks and can damage motorists' vehicles Volta Regional Manager of the NPA, Godwin Konu, speaking with the media in Ho, said petroleum products are often smuggled into the country through unauthorized routes, particularly from Togo. He warned, however, against the sale of petroleum products which are usually filled in gallons and distributed to customers mostly through motorbikes instead of the conventional fuel pump stations. Konu noted that…
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Filling Fuel Tanks To The Brim Is Dangerous – NPA Cautions Motorists
05 May

Filling Fuel Tanks To The Brim Is Dangerous – NPA Cautions Motorists

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The National Petroleum Authority (NPA) has cautioned fuel retail outlets and motorists against using ramps to aid the pumping of fuel into vehicles. It said tilting vehicles on ramps to fill them to the brim could damage fuel tanks – leading to explosions and destruction of vehicles and lives. The Eastern Regional Manager, Mr. David Owusu-Kena, gave the caution at an NPA media engagement in Koforidua on Wednesday. The media engagement, organised by the Communications Department, was to highlight the Authority’s activities in the petroleum downstream industry and respond to industry-related questions from the media. Mr. Owusu-Kena said fuel tanks…
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