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The ex-pump prices of petrol and diesel are likely to drop by 1.6 per cent from April 1, 2022, following a decision by the Government to reduce the margins on fuel by 15 pesewas per litre for the next three months. Addressing a press conference in Accra on Thursday, Mr…
Date: May - 06 - 2021 , 09:46 BY: Emmanuel Bruce • Mr Edwin Alfred Provencal - CEO, BOST The Bulk Oil Storage and Transportation Company Limited (BOST) has cleared all of its GH¢237 million debt owed some domestic banks in the country. The money, which was owed GCB Bank, Fidelity Bank, UMB Bank and UBA Bank, was paid through government’s intervention, internally generated funds and the upward adjustment of the BOST margin. In a release issued by BOST, the company noted that it had also paid $573 million out of its $623 million debt to suppliers and related parties, and successfully vett...
The Head of Corporate Communications and External Affairs for Bulk Oil Storage and Transportation (BOST) Company Limited, Mr Marlick Adjei has debunked the release from the stables of the Institute for Energy Security (IES) regarding BOST increased margins. From the release of the Institute for Energy Security (IES), a respected civil society organization, it is asking the government for a withdrawal of the purported upward adjustments in the margins as the petroleum margins were reviewed through the regulator of the petroleum downstream, National Petroleum Authority (NPA). According to th...
By Eric Nana Yaw Kwafo LISTEN FEB 8, 2021 The Institute for Energy Security (IES) has noted that there would have been an increase in the price of domestic gasoline if not for the global Coronavirus (Covid-19) pandemic. According to the organization that focuses on the nexus between energy demand and energy supply, Ghana in the past decade witnessed a 347 percent increase in the price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel) price at the pump. While they attribute the yearly increase in the prices of petrol and diesel to cedi depreciation and taxes, the same was...
Over the past decade (2010-2019), Ghana has seen a 347 percent increase in price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel) price at the pump, largely because of Cedi depreciation, taxes and levies.