Vice President Dr. Mahamudu Bawumia has reiterated government’s resolve to deal forcefully and decisively with the issue of illegal bunkering and the smuggling of petroleum products by sea into Ghana. Government, he said, is in the process of formulating policies aimed at nipping the situation in the bud once and for all. Dr. Bawumia gave […]
Business News of Wednesday, 6 December 2017 Source: citifmonline.com 2017-12-06 Fisher-folk have complained bitterly about shortage of premix fuel following the massive diversion Allegations of premix fuel smuggling have emerged in the Volta Region distribution chain amid the uncovered nationwide premix fuel diversion scandal. The scandal came to light after Citi News found out that […]
Following calls by stakeholders in the energy sector for a stronger and coherent efforts and political will to fight a nuisance cartel in the fuel smuggling business, there seems to be a good response from industry regulators. The National Petroleum Authority (NPA) has announced stringent measures the Authority had put in place to curb fuel […]
In a bid to sanitize the petroleum downstream industry, the National Petroleum Authority has since August this year begun the implementation of new export guidelines to clamp down on fuel smuggling in the country. Addressing participants at the ongoing Oil Trading and Logistics Downstream Week in Lagos, Nigeria, Chief Executive Officer of NPA, Alhassan Tampuli […]
Business News of Wednesday, 25 October 2017 NPA has confiscated 15 trucks The Chief Executive Officer of the National Petroleum Authority (NPA), Alhassan Tampuli, has told participants at the ongoing Oil Trading and Logistics Downstream Week in Lagos, Nigeria, of the stringent measures the Authority had put in place to curb fuel smuggling in […]
The state has confiscated 15 truckloads of smuggled petroleum products worth GH¢3.4 million. The total volume of the seized products is 810,000 litres. Additionally, the 15 trucks will be auctioned to the public after the products have been sold to Oil Marketing Companies (OMCs). According to the acting Chief Executive Officer (CEO) of the National […]
Tema Oil Refinery (TOR) has denied earlier reports that about 40 Bulk Road Vehicles (BRVs) with fake foreign number plates load fuel mostly on Saturdays and on holidays at night at the TOR Depot. In a statement signed by the Public Affairs Manager of TOR, Dr Kingsley Antwi-Boasiako, said: “Our attention has been drawn to […]
FEATURED STORY Why Christian Clergymen Are Unqualified To Pronounce Blessings On Their Con… A good news coming from the National Petroleum Authority (NPA) has said petroleum service providers that sell products meant for export on the local market risk losing their licences, as it intends to “go hard” on the tax evasion practice. This news […]
“The BDC premiums for the three months averaged $6.5 per tonne for gasoline compared to $66.2 per tonne, and $30 per tonne for gas oil compared to $65.7 per tonne. “This represents 90 per cent and 54 per cent drop in BDC premiums for gasoline from the 2017 first trimester position. It also marks 94 […]
Stop Fuel Smuggling Series By: Jeff Conroy, Chief Scientist, Authentix Branded fuel suppliers began to use colorants in the 1950’s as a means to indicate fuel type, grade, or brand in the downstream petroleum industry, and this approach continues with wide-spread acceptance today. As fuel taxes and subsidies came into use around the globe, it was […]