Nov 6, 2009
Categories: News
Fuel prices are up by 5% across board since last Sunday November 1 2009. The increment is occassioned by rises in price of crude oil and products on the world market. Subsequently, Premium is selling at Gp 116.9800 per Litre, Gas Oil sells at Gp 118.0500 per Litre and Kerosine at sells at Gp 91.0000 per Litre. MGOLocal aslo sells at Gp 97.7400 per Litre and RFO sells at Gp 67.1600 per litre. With the increment, LPG now sells at ... Read More
Oct 28, 2009
Categories: News
Crude oil prices on the international markets are nearing $ 80 a barrel. Platts figures by close of business on Tuesday 27th October quoted dated Brent at $76.395. In the last three weeks, prices of crude and products have been rising steadily and are likely to push ex-refinery prices of products upward. This trend is also likely to cause a rise in the ex-pump prices should government decide not to absorb the latest increment. The National Petroleum Authority would learn by ... Read More
Oct 19, 2009
Categories: News
Very soon all Bulk Road Vehicles (BRVs) hoping to cart petroleum products from the Tema Oil refinery or any bulk loading depots must pass stringent tests before they can receive products. This is a latest move by the National Petroleum Authority (NPA) to raise the bar for its main stakeholders in the petroleum downstream sector-the Oil Marketing Companies (OMCs) and transporters. The move comes in the wake of reported cases of accidents involving Bulk Road Vehicles (BRVs) otherwise known as ‘tankers’. Recent ... Read More
Oct 17, 2009
Categories: News
The National Petroleum Authority (NPA) has moved offices from the Frema House on the Spintex Road in Accra to the Centurion building in Cantonments. The new premises of the NPA are located at number 11, 5th Circular Road at Cantonments in Accra. The Centurion building is located between the Ghana Free Zones Board and the junction to NAFTI. With the new offices, the NPA has now integrated its workstations for speed and convenience of work which results in efficiency for all ... Read More
Mar 20, 2009
Categories: News
Moscow (Platts)Russia's deputy prime minister Igor Sechin said Thursday that coordinated
action between OPEC and other oil producers helped stabilize crude prices at
about $40/barrel.
"We believe this is the result of joint work. We support the cut in oil
supply, and Russia participates in this work," Russia's Prime-Tass news agency
quoted Sechin as saying at a meeting with President Dmitry Medvedev outside
Moscow.
"We think Russian companies have contributed to the stabilization of
prices, but this work should continue." ... Read More
