Accra, Ghana

GSE Feed

Forex Rate

Oil And Gas

More LPG stations to be closed down–Hassan Tampuli

Hassan Tampuli - CEO, NPA

The Chief Executive of the National Petroleum Authority, Hassan Tampuli, has reiterated the Authority’s commitment to ensure LPG refill stations which fail to adhere to safety standards at their operation sites are shutdown, as it intensifies its monitoring and inspection exercise. The Authority has in the past been accused by the public of doing little to ensure safety at the ...

Read More »

OMCs maintain prices for first pricing window in January


Oil Marketing Companies (OMCs) have maintained their prices at the pumps for the first pricing window in January 2018. Checks by Citi Business News at some major oil marketing companies have shown that the prices of fuel were kept unchanged for the period spanning January 1, 2018 to January 15, 2018. A litre each of petrol and diesel is being ...

Read More »

Analysts urge private sector involvement in TOR


Analysts in the oil and gas sector are upbeat about government’s plans to revamp operations of the Tema Oil Refinery (TOR). Though they have largely lauded the move, the industry watchers have suggested the need to attract private sector participation in order to achieve the full objectives. The comments also follow recent fuel shortage and its impact in Neighbouring Nigeria. ...

Read More »

Petrol, LPG prices to remain stable at pumps – NPA

Hassan Tampuli - CEO, NPA

Prices of petrol and Liquefied Petroleum Gas (LPG)  will remain fairly stable at the pumps from January 1, 2018, the National Petroleum Authority (NPA) has announced. The NPA in a statement explained that, this is “in line with a drop in crude and petroleum prices on the world market, as well as stability in the exchange rate.” The Authority added that, ...

Read More »

Revamp TOR to reduce petroleum imports – IES

oil block

The Institute of Energy Security (IES) has urged government to work to revamp the Tema Oil Refinery (TOR) in order to reduce the country’s over dependence on imported fuel. The IES argues that the development has dire implications should there be threats of cuts in supply. The comments come on the back of shortage of fuel in Nigeria for at ...

Read More »

Nigeria’s fuel shortage not to affect Ghana – ACEP

Benjamin Boakye - Executive Director of ACEP

The Africa Centre for Energy Policy (ACEP) has ruled out any impact of the fuel shortage in Nigeria on Ghana. The energy think tank explains that Ghana’s decision to review downwards, its sulphur content for imported petroleum products, limits it from importing fuel from Nigeria. Nigeria has for the past three weeks been hit with fuel shortages particularly in Lagos ...

Read More »

Fuel Supply Improves in Lagos, Scarcity Persists in Abuja


Marketers attribute crisis to NNPC’s $6bn crude-for-product swap deal • Crude oil slips towards $65 as Forties Pipeline moves closer to restart Relief may be on the way for commuters as fuel supply to Lagos shows signs of improvement with queues at filling stations in the metropolis thinning out Tuesday. Vice-President Yemi Osinbajo had spent the Chrismas day touring Lagos ...

Read More »

Fuel crisis messes up Christmas in Nigeria

file photo

Many motorists and commuters are stranded in Nigeria following an excruciating three-week fuel shortage. Long queues continue to form at petrol stations in major cities, occasioning a hike in pump price in places where the product was available. Many bus stages are jammed with passengers travelling for Christmas celebration, yet many commercial vehicles were held up in petrol stations. Motorists ...

Read More »

Total rewards customers as ‘Aseda Tour’ ends

WhatsApp Image 2017-12-23 at 9.57.29 AM

Customers across seven regions in the country have benefited from gifts of appreciation from the ‘Aseda Tour’ embarked on by Total Petroleum Ghana, a leading Oil Marketing Company in the country. Speaking at a closing ceremony of the tour, the Sales and Marketing Manager of Total Ghana, Mr. Abdul-Rahim Siddique stated that the purpose of the ten-day tour was to ...

Read More »

Cylinder recirculation: LPG Marketers to lay off workers if sidelined

Gabriel Kumi- Vice-Chairman of the LPG Marketers Association

About seven thousand (7000) members of the LPG Marketing Companies Association are expected to lose their jobs if government fails to integrate the association into the cylinder recirculation policy. The LPG Marketing Companies Association has been calling for an automatic migration onto the new policy. The Vice-Chairman of the LPG Marketers Association, Gabriel Kumi disclosed that the layoffs will be the ultimate decision following the inability ...

Read More »
Left Menu Icon
Citi Business News
Right Menu Icon