National Petroleum Authority (NPA) Archives

17 Oct

NPA Announces New Price Floor For Petroleum Products

wontumionlineBusinessNational Petroleum Authority (NPA)

The National Petroleum Authority (NPA) has announced a new Price floor for the second pricing window, from 16th -31st October 2024. The authority has set GH₵12.73 for petrol and GH₵13.43 for diesel. The development means that no oil marketing company should be selling below the price quotes. The NPA in the notice to the Oil Marketing Companies (OMCs) and Liquefied Petroleum Gas (LPG) marketers advised all the players to comply with the above price floors for the window. It added that the price floors exclude the premiums charged by International Oil Trading Companies (IOTCs) and the operating margins of BIDECs,…

17 Nov

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

wontumionlineBusinessfuel, National Petroleum Authority (NPA)

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…

12 Oct

NPA Sanctions Seven OMCs For Illicit Fuel Distribution

wontumionlineBusinessNational Petroleum Authority (NPA)

The National Petroleum Authority (NPA) has sanctioned seven Petroleum Products Marketing Companies (PPMCs) for illicit distribution of petroleum products. They are to pay fines for violating of Unified Petroleum Pricing Fund (UPPF) regulations, making false UPPF representations to the Authority, and engaging in third-party supplies. Failure by the affected companies to pay the fines will lead to a three-month suspension of their operations. In the case of Andev Co. Ltd, it will pay a total fine of GHS90,000.00. This comprises GHS10,000.00 for violating UPPF regulations and GHS10,000.00 each for eight (8) counts of making false UPPF representations to the Authority.…

02 Mar

Vessel Carrying Russian Crude Oil To Ghana Loaded From Kazakhstan Port

wontumionlineBusiness, NewsBlack Se, Ghana, Kazakhstan, National Petroleum Authority (NPA), Platon Gas Oil Ghana Limited, Russia, Russian crude oil

Official documents seen by JOY NEWS show that the vessel alleged to have shipped 600,000 barrels of Russian crude oil to Ghana had its port of loading in Kazakhstan. Bloomberg first broke the story and tracked the vessel, MT Theseus “from a port in the Black Sea”. JOY NEWS can now confirm the exact port of loading was Aktau, Kazakhstan. Aktau, is a small city located on the eastern shore of the Caspian Sea with a port which had been expanded to receive and export larger and more diverse types of cargo notably, crude oil. According to the United States…