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Pump Price of Fuel To Rise Again – COPEC
peacefmonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peacefmonline.com Daily Mail and Mail on Sunday newspapers.
BOST begins petroleum product re-export, poised to lead downstream oil industry transformation
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Ghana-Press-Review May 11, 2021 to 09:40 318 APA – Accra (Ghana) The announcement by the Finance Minister that the National Development Bank (NDB) will begin operations by end of July this year and the report that BOST has begun the re-export of refined petroleum products to some landlocked countries are some of the leading stories in the Ghanaian press on Tuesday.
The Times reports that the Finance Minister, Ken Ofori-Atta has said the National Development Bank (NDB) will begin its operations by end of July this year.
The Bank, according to him, would provide long term wholesale financing to the private sector through Commercial banks.
Energy Minister Dr Mathew Opoku Prempeh in a meeting with the OMCs
The National Petroleum Authority (NPA) has reduced the GHp17 per litre increase in fuel margins to GHp9 pesewas per litre.
The price change takes effect from Wednesday, 5 May 2021.
A statement issued on 4 May 2021 indicated: “At a meeting held at the Ministry of Energy earlier today between the Hon. Minister of Energy and the National Petroleum Authority (NPA), the Association of Oil Marketing Companies (AOMCs), Bulk Oil Storage and Transportation Co Ltd (BOST), the Chamber of Petroleum Consumers (COPEC), the Institute for Energy Policies and Research (INSTEPR), it has been agreed as follows; the 17 pesewas per litre increase in fuel margins previously announced by the NPA has been reduced to 9 pesewas per litre effective tomorrow, Wednesday, 5th May 2021”.
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