The National Petroleum Authority (NPA) has received notice of an intended demonstration by the Chamber of Petroleum Consumers (COPEC) and Industrial and Commercial Workers Union (ICU) ostensibly in response to recent increases
in price of petroleum products at the pump by some selected Oil Marketing Companies.
Meanwhile, Alhassan Suhuyini is certain that the governing NPP has failed Ghanaians who voted overwhelmingly for the party based on promises such as an improved economy, reduction
in the price of petroleum products and a myriad of other promises.
The energy sector levy introduced by government has triggered an almost 30 percent increase
in the price of petroleum products since January 1.
The General Transport, Petroleum and Chemical Workers» Union (GTPCWU), has kicked against a recently imposed 25 % hike
in price of petroleum products.
The GRTCC says the hike in fares was as a result of the increase
in the prices of petroleum products on January 4, 2016.
The New Patriotic Party presidential candidate, Nana Akufo Addo has said that the National Democratic Congress government will soon announce a reduction
in the prices of petroleum products.
Hundreds of commercial drivers and consumers of petroleum products are expected to hit the streets of Accra today [Wednesday], to demonstrate over what they describe as the persistent increases
in the prices of petroleum products.
According to them, the last five months have witnessed a persistent increase
in the prices of petroleum products with corresponding hardships these increases often come with.
Hundreds of commercial drivers and consumers of petroleum products converged on the Obra Spot at the Kwame Nkrumah Interchange in Accra to protest what they describe as the persistent hikes
in the prices of petroleum products.
Not exact matches
The Saudi body also attributed the rise
in wholesale
price index to a 33.6 % hike
in the
prices of other goods after the
prices of refined
petroleum products surged 93.6 %, while pulp and paper
prices increased 9.7 %
«And
in three years, since this government took over, all we have seen is
price escalation, even at the time when
in many other jurisdictions,
in many other countries
prices of petroleum products are falling.
Curiously, the hike
in the
price of kerosene came at a time when the
price of crude oil had dropped to record low, with the
price of petroleum products, such as kerosene, fuel and diesel, among others, dropping significantly
in a number
of countries, like the United States.
Executive Secretary
of the PPPRA, Mr. Farouk Ahmed, who made the announcement, said the reduction
in the
price of the commodity was due to an implementation
of the revised components
of the
Petroleum Products Pricing Template for PMS and household kerosene.
This is according to the Campaign Coordinator
of the NDC's 2016 Campaign, Kofi Adams, who denied assertions by the New Patriotic Party (NPP), that President Mahama is set to reduce
prices of petroleum products in a...
In a bid to rejig key parastatals in the petroleum industry ahead of the reforms, President Goodluck Jonathan Tuesday announced the appointments of Mr. Reginald Chika Stanley as the new Executive Secretary of the Petroleum Product Pricing Regulatory Agency (PPPRA) and Mr. Osten Oluyemisi Olurunsola as new head of Department for Petroleum Resources (DPR
In a bid to rejig key parastatals
in the petroleum industry ahead of the reforms, President Goodluck Jonathan Tuesday announced the appointments of Mr. Reginald Chika Stanley as the new Executive Secretary of the Petroleum Product Pricing Regulatory Agency (PPPRA) and Mr. Osten Oluyemisi Olurunsola as new head of Department for Petroleum Resources (DPR
in the
petroleum industry ahead of the reforms, President Goodluck Jonathan Tuesday announced the appointments of Mr. Reginald Chika Stanley as the new Executive Secretary of the Petroleum Product Pricing Regulatory Agency (PPPRA) and Mr. Osten Oluyemisi Olurunsola as new head of Department for Petroleum Resourc
petroleum industry ahead
of the reforms, President Goodluck Jonathan Tuesday announced the appointments
of Mr. Reginald Chika Stanley as the new Executive Secretary
of the
Petroleum Product Pricing Regulatory Agency (PPPRA) and Mr. Osten Oluyemisi Olurunsola as new head of Department for Petroleum Resourc
Petroleum Product Pricing Regulatory Agency (PPPRA) and Mr. Osten Oluyemisi Olurunsola as new head
of Department for
Petroleum Resourc
Petroleum Resources (DPR).
The Ministry
of Petroleum has faulted reports that the Federal Government is planning to jerk up the pump price of petroleum product in the
Petroleum has faulted reports that the Federal Government is planning to jerk up the pump
price of petroleum product in the
petroleum product in the country.
He said Total
Petroleum Ghana Limited was focusing its efforts to offer the best quality
in terms
of products and services at the most competitive
prices to ensure customer satisfaction.
Crude oil
price accounts for about 80 per cent
of the final cost
of fuel, the PPPRA said,
in its framework for
petroleum products supply, distribution and
pricing.
In his reaction to the
pricing of petrol, the General Secretary of the Nigeria Labour Congress (NLC) and member of the Petroleum Products Pricing Regulatory Agency (PPPRA), Dr Peter Ozo - Eson, said labour would oppose any price inc
pricing of petrol, the General Secretary
of the Nigeria Labour Congress (NLC) and member
of the
Petroleum Products Pricing Regulatory Agency (PPPRA), Dr Peter Ozo - Eson, said labour would oppose any price inc
Pricing Regulatory Agency (PPPRA), Dr Peter Ozo - Eson, said labour would oppose any
price increment.
People don't have money and the last thing government would want to do
in a New Year is to increase the
prices of petroleum products.
Newsmen report that, DPR and the Ministry
of Petroleum Resources have consistently debunked
product scarcity and any hike
in pump
price.
As high cost
of petrol pump
price cripples economic activities
in Akwa Ibom state, the leadership
of the state Chapter
of Independent
Petroleum Marketers Association
of Nigeria (IPMAN), has accused Major Oil Marketers Association
of Nigeria (MOMAN) for the high cost
of the
product in the state
Overall, the
price tag
of the pipeline, which would carry 200,000 gallons
of crude oil from Albany to refineries
in Linden, N.J. and finished
petroleum products the other way, is estimated at about $ 550 million.
Gasoline indirect cost calculated based on International Center for Technology Assessment (ICTA), The Real
Price of Gasoline, Report No. 3 (Washington, DC: 1998), p. 34, and updated using ICTA, Gasoline Cost Externalities Associated with Global Climate Change: An Update to CTA's Real
Price of Gasoline Report (Washington, DC: September 2004), ICTA, Gasoline Cost Externalities: Security and Protection Services: An Update to CTA's Real
Price of Gasoline Report (Washington, DC: January 2005), Terry Tamminen, Lives Per Gallon: The True Cost
of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for Economic Analysis, «Table 3 —
Price Indices for Gross Domestic
Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department
of Energy (DOE), Energy Information Administration (EIA), This Week
in Petroleum (Washington, DC: various issues).
The technical and economic viability
of this technology is currently being investigated
in several commercial
products in the U.S. Because
of the unrealistically low
price of petroleum, both routes are currently only competitive with governmental support.
According to the Canadian
Petroleum Products Institute - the same source
of data the CCPA uses - taxes make up 35 per cent
of the
price of a litre
of gas sold
in Canada.
«
In the event Dana is unable to export and market the LPGs, Condensates by any act or omission
of government (including foreign neighbouring governments) and / or for political reasons beyond the control [
of] Dana then the KRG shall purchase and lift (or arrange for the lifting by the domestic companies / users) and pay for the liquid
petroleum products at international FOB Med market
prices as quoted by Platts Oilgram Report or similar journals within 30 days from the month ends».