Tag: fuel
Business
7 OMCs charged by NPA for illegal distribution of fuel
The National Petroleum Authority (NPA) has imposed sanctions on seven Petroleum Products Marketing Companies (PPMCs) for engaging in the illicit distribution of petroleum products.These...
Business
COPEC projects no change in petrol prices in October first pricing window
The prices of petroleum products are expected to stay steady throughout the month of October. Projections from the Chamber of Petroleum Consumers (COPEC) indicate...
Business
Tanker drivers threatened by local delivery of Sentuo Oil
The Tanker Drivers Union has expressed concern about the potential threat to their business if the Chinese refinery, Sentuo Oil, persists in unloading fuel...
Business
Cost of fuel will not change in September’s first pricing window
The first two weeks of September should see no rise in fuel costs, according to the Institute for Energy Security. The Institute claims that this is a result of the drop in the price of petroleum products on a global scale.Another major factor mentioned was the Ghana cedi's recent appearance of stability in the second pricing window of August 2023.“The various finished petroleum products as monitored on the Standard & Poor (S&P) Platt platform within the past window exhibited the following...
Business
Gold for oil policy can’t check changes in world fuel market price – BOST
Managing Director of Bulk Oil Storage and Transportation (BOST), Edwin Provencal, has noted that the government's gold for oil policy is unable to shield...
Business
SOEs can generate revenue, pay dividends with an appropriate mindset – Energy minister
Minister for Energy, Dr. Matthew Opoku Prempeh, has noted that State-Owned Enterprises (SOEs) can produce revenues, distribute dividends, and significantly contribute to the government's...
Independent Africa
Nigerian government has no plan to increase fuel prices
Nigeria's President, Bola Tinubu, has provided reassurance to the nation's citizens, confirming that the existing petrol price will remain unchanged as there is "no...
Business
COPEC forecasts increase in petrol, diesel prices within 48hrs
The Chamber of Petroleum Consumers (COPEC) has forecasted a potential 5.7% increase in fuel prices during the upcoming second pricing window of August 2023,...
Business
COPEC to increase increase fuel prices in first pricing window of August
In the current pricing window, the Chamber of Petroleum Consumers (COPEC) has projected a slight increase in fuel prices.According to the Executive Secretary of...
Business
Nigeria: CSOs call on FG to rescind increase in fuel prices
The Federal Government has been urged by civil society organizations to stop the current rise in fuel prices and move quickly to implement palliative...