Gold for oil policy will reduce pressure on forex – Bawumia

The Vice President, Dr. Mahamudu Bawumia is confident that the gold for oil policy will reduce the pressure on forex and also present the country with cheaper fuel. The government took delivery of 40,000 metric tons of the first consignment of the gold for oil deal on Monday. Many have, however, raised concerns about the […]

AOMC Board Meets the Minister for Energy, Dr. Matthew Opoku Prempeh

As part of the wider industry familiarization, the Board of Governors of the Association of Oil Marketing Companies (AOMC) called on the Honourable Minister for Energy, Dr. Matthew Opoku Prempeh at his office. It was an opportunity for the AOMC to introduce the Newly Constituted Board to the Minister as key partners of our collective […]

AOMC Press Release Clarity On Purported Removal of The Price Stabilisation and Recovery Levy on Petrol and Diesel The AOMC View

Our attention has been drawn to some publications purporting that the two-month removal of the price stabilisation and recovery levy would lead to a reduction in fuel prices in the next pricing window. The Association of Oil Marketing Companies (AOMC) would like to react as follows: The current pricing window ends today Friday, 15th October […]

Fuel prices expected to increase from October, 16

The Association of Oil Marketing Companies (AOMC) and the National Petroleum Authority (NPA) have indicated that prices of fuel will be adjusted upwards by at least 7 percent at the pumps come Saturday, October 16. Reports in the media revealed that fuel prices would be revised on Friday, but the Chief Executive Officer of the […]