NPA Archives - Wontumi Online

10 Oct

No Need For Fear And Panic, We Have Enough LPG – NPA Assures

Wontumi1BusinessNPA

The National Petroleum Authority (NPA) has stated that there is enough Liquefied Petroleum Gas (LPG) in the country. According to the Authority, it does not anticipate any shortage, hence is no need for fear and panic. “There is adequate LPG in the country to meet national demand. The opening stock of LPG as of 9th October 2024 was enough to last almost two weeks of national consumption. In addition to this, the Sentuo Oil Refinery is also producing LPG, which serves the market daily” a statement released by the NPA said. It added that more than 20,000 metric tonnes of…

26 Sep

Stop Refuelling Vehicles With Passengers Onboard – NPA Warns

Wontumi1UncategorizedNPA

The National Petroleum Authority (NPA) has issued a stern warning to commercial drivers to stop refuelling vehicles while passengers are still onboard. The Authority stressed that, this practice endangers the lives of passengers, exposing them to harmful chemicals and increasing the risk of fire incidents. Speaking at the NPA Central Regional sensitisation durbar in Cape Coast, Michael Opoku-Obiri, Central Regional Manager of the NPA, highlighted the health risks associated with refuelling, particularly the inhalation of toxic fumes. “Gasoline contains harmful chemicals like benzene, a known carcinogen. These fumes can easily enter vehicles through open windows or doors, putting passengers, especially…

22 Aug

NPA Revokes Licenses Of 13 OMCs Over Debts Owed Several Industry Regulators

Wontumi1BusinessLicense, NPA

The National Petroleum Authority (NPA) has revoked the licenses of 13 Oil Marketing Companies (OMCs). It follows the inability of the firms to settle debts owed industry regulators like the NPA, Ghana Revenue Authority and the Bulk Oil Storage and Transportation Company. The funds are said to be running into more than US$200 million. These are monies that have been collected as levies, and margins on petroleum products sold, but the companies have failed to remit the funds to the appropriate state institutions. The Chief Executive of the Association of Oil Marketing Companies, Riverson Oppong who disclosed this to Joy Business in…

19 Jul

Downstream Petroleum Industry Value Hits GH¢71 Billion In 2023

Wontumi1BusinessNPA

The domestic downstream petroleum industry amassed a monetary value exceeding GH¢71billion in 2023, contributing approximately 8.4 percent to the country’s Gross Domestic roduct (GDP) according to Dr. Mustapha Abdul-Hamid, Chief Executive Officer-National Petroleum Authority (NPA). With over 3,000 service providers, the sector predominantly features high local participation and annually delivers over 4 million metric tonnes of petroleum products. He also noted that the industry has returned an average annual value of over GH¢35billion over the past seven years. “Increased private sector participation has transformed the petroleum downstream industry into a vibrant and dynamic sector, playing a crucial role in the…

20 May

NPA To Seek Tax Cuts On LPG For Increased Affordability And Usage

Wontumi2BusinessNPA

The National Petroleum Authority (NPA) is set to collaborate with the Ministry of Finance to remove certain taxes on liquefied petroleum gas (LPG) to make it more affordable and accessible to consumers. This initiative aligns with the government's goal to increase LPG penetration to 50 percent by 2030. Deputy Chief Executive of the NPA, Mrs. Linda Asante, highlighted that this effort, led by NPA Chief Executive Dr. Mustapha Abdul-Hamid, aims to encourage more women to use LPG for cooking, promoting better health and environmental benefits. During a regional town hall durbar on the cylinder recirculation model (CRM) in Tamale, Mrs.…

16 Apr

LPG Consumption Declines By 4.47%

Wontumi1NewsLPG, NPA

There is an overall decline of approximately 4.47% in Liquified Petroleum Gas (LPG) consumption from January 2020 to December 2023, compared to a growth of roughly 6.43% in the preceding four-year period, spanning January 2016 and December 2019, the Institute for Energy Security(IES) has revealed. Over the period, November 2020 recorded the highest monthly consumption of a little over 35 million kilogramme while April 2023 was found to record the lowest monthly consumption. “From 2020 to 2023, the total annual LPG consumption in Ghana fluctuated, with a peak in 2021 (345,478,919 kilogramme), and a decrease in 2022 (305,076,209 kilogramme); while…

04 Apr

NPA Reportedly Reverses Suspension Of Price Stabilization And Recovery Levy On Petroleum Products

Wontumi1BusinessLevy, NPA

The National Petroleum Authority (NPA) has rescinded its decision to suspend the Price Stabilization and Recovery Levy (PSRL) on petroleum product prices, Joy Business reports. On March 28, 2024, the NPA had announced the suspension of the PSRL on petroleum product price build-up until June 30, 2024, following a directive from the Finance Ministry in collaboration with the Energy Ministry. However, in a letter dated April 3, 2024, addressed to key players in the oil marketing and distribution sector, the NPA outlined the reinstatement of the levy, effective April 4, 2024. Under the directive, Oil Marketing Companies and other industry…

26 Feb

COPEC, IES Demand Transparency From NPA Regarding Sanctions On Sentuo Oil Refinery

Wontumi1BusinessCOPEC, NPA

The Institute for Energy Security (IES) and the Chamber of Petroleum Consumers (COPEC) have urged the National Petroleum Authority (NPA) to disclose the sanctions imposed on the Chinese-owned Sentuo Oil Refinery (SORL). Expressing concerns on Wednesday, February 21, 2024, the two energy think tanks criticized the NPA for what they perceive as leniency towards Sentuo Oil Refinery’s operations. They highlighted issues such as operating without the required permit and supplying fuel of questionable quality. COPEC and IES also threatened legal action to compel the refinery to comply with regulations. They also called for an investigation by the Office of the…

05 Nov

Avoid Wood Fuel To Protect Health And Save The Environment – NPA

Wontumi2BusinessNPA

The public has been urged to avoid using charcoal and firewood as fuel for cooking to protect their health and stop degrading the environment. Deputy Chief Executive-National Petroleum Authority (NPA), Perry Okudzeto, made the call and said people should rather use LPG as it is a safer, cleaner, and healthier fuel for cooking. He said a reduction in the use of firewood and charcoal for cooking would greatly decrease the inordinate felling and burning of trees for producing charcoal. This will reduce the number of harmful substances released into the atmosphere, curb rapid deforestation, and ultimately save the country’s forest…

07 Aug

Northern Region: NPP Chairman Stops Youth Demo Against NPA Boss For Closing Down His Petrol Station

Evans ManassehNewsChairman Samba, Mustapher, NPA

Some aggrieved members of the New Patriotic Party in Tamale, Monday morning, August 7, stage a mammoth demonstration against the Chief Executive Officer of the National Petroleum Authority for the shutting down of LillyGold Energy Resources Limited, an Oil Marketing Company (OMC) purportedly owned by the Northern Regional Chairman of the party. The group described the closing down of the petrol station as an attempt by the NPA Boss to ridicule and shame the Regional Chairman of the party. A taskforce team from the NPA last week shutdown two outlets of the Oil Marketing Company located at Lamashegu around…