Category: News & Events

The Bulk Oil Storage and Transportation Company Limited has rejected claims of importing manganese-laden fuel under the government’s Gold-for-Oil Policy. Recent reports have suggested that the importation of manganese-laden gasoline into the market under the Gold-for-Oil policy is to blame for the underperformance of vehicles. However, in a statement issued on Monday, November 27, BOST […]

Petrosol, a leading Ghanaian Oil Marketing Company (OMC), was adjudged Brand of the Year 2023 at the Ghana Energy Awards, held recently in Accra. The event had President Nana Addo Dankwa Akufo-Addo, as the Special Guest of Honour. The Ghana Energy Awards recognises companies and individuals in the entire energy sector who exhibit excellence in […]

The Upper East Regional office of the National Petroleum Authority (NPA) has embarked on an exercise to clamp down on 16 illegal reseller outlets popularly known as ‘gao gao’ in the region. The region had observed an alarming proliferation of these reseller outlets in areas such as Pelungu, Duusi, Gbane Shiega, Tongo, Gaare, Chuchuliga, Bolga […]

Business operations have resumed at various petrol and gas depots along the Volta Aluminum Company (VALCO) Kpong road in Tema. A tour at different loading terminals including Tema Oil Refinery, Fuel Trade and Chase was busy with the tanker drivers queueing to fill their tanks. The operations come after government through the Ministry of Roads […]

The Ghana National Petroleum Drivers Union and the Gas Tanker Drivers Union declared an indefinite sit down industrial action nationwide yesterday. It claimed that the strike was necessary due to the unmotorable nature of their roads from the GTP roundabout at Community 4 in Tema, in the Greater Accra Re­gion, linking the Tema Oil Refinery […]

The Association of Oil Marketing Companies (AOMC) has launched its highly anticipated 6th AOMC Safety Week Celebrations, aiming to educate and reinforce the importance of maintaining and enhancing safety precautions in operational stations within the downstream petroleum industry. The event seeks to serve as a reminder to industry players about their obligation to prioritize human […]

Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) Opoku-Ahweneeh Danquah has said, he remains committed in building and sustaining a robust state petroleum entity and won’t be distracted by few dissenting elements within the system. His statement was in a response to a question that he was asked regarding a series of alleged […]

Energy Minister, Dr Matthew Opoku Prempeh has assured that his ministry will keenly monitor every step in the Gold for Oil programme value chain from the ship that brings the oil, through delivery to the BDCs, to the OMCs and to the pumps. This, according to Dr Opoku Prempeh will ensure that the purposes for […]

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 […]

The National Petroleum Authority (NPA) has directed Oil Marketing Companies and other industry players to increase the Unified Petroleum Price Fund (UPPF) and Bost margin on fuel effective December 1. A November 30 memo sent to the Oil Marketing Companies indicated that the firms were all to review the BOST Margin in their Price Build […]