TOR Levy To Last 10 More Years
Consumers of petroleum products will have to stomach the burden of paying the Tema Oil Refinery (TOR) Debt Recovery Levy for at least another 10 years as debt owed by the country’s sole oil...
Tag: petroleum products
No Increases In Transport Fares Soon
Passengers may be spared the impact of petroleum price hikes as the Ghana Private Road Transport Union, GPRTU, has ruled out any increase in transport fares. Prices of petroleum products were...
GRA Clamps Down On Fuel Smuggling Into and Out of Ghana
The Ghana Revenue Authority (GRA) has issued new guidelines aimed at checking the rising incidence of fuel smuggling into Ghana. The new guidelines which took effect last week Thursday, September 1,...
LPG Shortage Looms
The Institute For Energy Security (IES) is warning of a possible shortage of Liquefied Petroleum Gas (LPG) this month. “Within the first pricing window, The Institute For Energy Security foresees...
Fuel Could Climb By 20 Pesewas In September – IES
Following the rebound in the global oil market price of both crude and refined petroleum, decrease in new imports to boost national stocks, and the relative stability of the cedi against the U. S....
Mixed Reactions Over Transport Fares As Fuel Prices Shoot Up
Drivers within the capital have expressed mixed reactions over the possible increase in transport fares following an increase in the prices of petroleum products last Friday. Some of the drivers, who...
Terkper Courts IMF With Legacy Debt Deal
Finance Minister Seth Terkper has expressed hope that a milestone agreement reached with creditors over VRA’s debts will be enough to ease holdup in discussions with the International Monetary Fund...
Energy Sector Levy Revenue Hits GHc350m
Finance Minister, Seth Terkper has disclosed that the Energy Sector Levy Account has accrued 350 million cedis as at August 2016. Only residential users should pay energy levies – Former AGI...
Wood Fuel Plan To Cut Plane CO2 Branded As ‘pipe Dream’
Plans to cut airline CO2 using greener jet fuels made from waste wood have been dismissed as a "pipe dream" by environmentalists. Several high octane, waste-based biofuels are being tested by...
Disaster Awaits Kumasi Residents As Unauthorized Fuel Stations Increase
The unauthorized trade of wayside fuel dealers in the Ashanti Regional capital, Kumasi, is posing a threat to life and property. Under the National Petroleum authority Act, Act 691 of 2005, it is...
NDC Walking In the Footsteps of Nkrumah
The National Democratic Congress (NDC) believes it is the only political party living up to the legacy of Ghana’s first President, Dr. Kwame Nkrumah. According to the NDC flagbearer, President John...
Only Residential Users Should Pay Energy Levies – Oteng Gyasi
A former President of the Association of Ghana Industries , Tony Oteng Gyasi, is impressing on government to limit the imposition of the energy sector levies to residential users of petroleum...
CPCG Hints at Fuel Prices Increases Again
Prices of petroleum products are likely to go up by three per cent at the pump from today June 1, the Chamber of Petroleum Consumers Ghana (CPCG) has projected.
Executive Secretary of the Chamber of...
Transport Fares up by 15%
Transport fares in Ghana have been increased by 15%, effective February 1, 2016, stakeholders in the transport sector have announced.
The acting General Secretary of the Ghana Road Transport...
If You Can’t Buy Fuel, Park Your Car and Take ‘Trotro’ – NDC MP to Ghanaians
National Democratic Congress (NDC) Member of Parliament (MP) for Ketu North and Chairman of the Finance Committee, James Klutse Avedzi, has told Ghanaians to stop complaining about hikes in fuel...
Power Barge to ‘Drink’ $9m Oil Every Month
The 125-megawatts power barge is expected to consume about 30,000 metric tonnes of Heavy Fuel Oil (HFO) every month at a cost of between $7 million and $9 million, depending on current crude oil...
Commercial Drivers Refuse to Reduce Fares in spite of the 10% Reduction in Fuel Prices
Commercial drivers in Accra continue to charge old fares in spite of a directive by two transport entities to drivers to reduce fares.
According to some drivers, the 10 per cent fuel reduction is...
IMF to Return in Ghana for Further Bailout Talks
The International Monetary Fund (IMF) says its country mission for Ghana will return next month for further consultations with Ghanaian officials over the West African country’s request for a...
Speculations Were True, Fuel Shortage Hits Tema and Accra
Confirmed reports coming in from TV3 indicate that most filling stations in the Accra metropolis have run out of petroleum products.
According to the report, a visit to some filling stations Monday...
Ghana Government Denies Fuel Shortage Reports; Says There Is Enough Supply
The government has denied claims that the supply of some petroleum products could be affected this week.
Deputy Energy and Petroleum Minister, Benjamin Dagadu explained to Joy News that the challenge...