The National Petroleum Authority (NPA) has fined nine (9) oil marketing companies (OMCs) ₵2,215,000 cedis for engaging in illicit Third-Party trading of petroleum products, and unlawful lifting of petroleum products.
The companies are Bello Petroleum, Jas Petroleum, Oval Energy, Kros Energy, Safety Petroleum, Santol Energy. The rest are Riseglobe Energy, Sayon Energy and Cigo Energy.
A release issued by the NPA directed that “Cigo Energy pay a fine of ₵725,000.00 comprising ₵30,000.00 for engaging in third party supplies for the second time and ₵695,000.00 by for the unlawful lifting of petroleum products.”
Sayon Energy was fined ₵425,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and ₵415,000.00 for the unlawful lifting of petroleum products.
Bello Petroleum was slapped with a fine of ₵120, 000.00 comprising ₵ 10,000 for engaging in third party supplies for the first time and ₵110,000.00 for the unlawful lifting of petroleum products.
Jas Petroleum is to pay a fine of ₵65,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and ₵55,000.00 for the unlawful lifting of petroleum products.
Oval Energy will also pay a fine of ₵245,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and GHS235,000.00 for the unlawful lifting of petroleum products.
Kros Energy was sanctioned to pay a fine of ₵295,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and GHS285,000.00 for the unlawful lifting of petroleum products.
Safety Petroleum will pay a fine of ₵200,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and ₵190,000.00 for the unlawful lifting of petroleum products.
“Safety Petroleum will pay a fine of ₵200,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and ₵190,000.00 for the unlawful lifting of petroleum products.
“That Santol Energy will pay a fine of ₵75,000.00 comprising ₵10,000.00 for engaging in Third Party Supplies for the first time and ₵65,000.00 for the unlawful lifting of petroleum products.
“Riseglobe Energy pays a fine of ₵65,000.00 comprising ₵10,000.00 for engaging in Third Party Supplies for the first time and ₵55,000.00 for the unlawful lifting of petroleum products,” the release stated.
Latest Stories
-
I want to focus more on my education – Chidimma Adetshina quits pageantry
37 mins -
Priest replaced after Sabrina Carpenter shoots music video in his church
51 mins -
Duct-taped banana artwork sells for $6.2m in NYC
1 hour -
Arrest warrants issued for Netanyahu, Gallant and Hamas commander over alleged war crimes
1 hour -
Actors Jonathan Majors and Meagan Good are engaged
1 hour -
Expired rice saga: A ‘best before date’ can be extended – Food and Agriculture Engineer
1 hour -
Why I rejected Range Rover gift from a man – Tiwa Savage
1 hour -
KNUST Engineering College honours Telecel Ghana CEO at Alumni Excellence Awards
2 hours -
Postecoglou backs Bentancur appeal after ‘mistake’
2 hours -
#Manifesto debate: NDC to enact and pass National Climate Law – Prof Klutse
2 hours -
‘Everything a manager could wish for’ – Guardiola signs new deal
2 hours -
TEWU suspends strike after NLC directive, urges swift resolution of grievances
2 hours -
Netflix debuts Grain Media’s explosive film
3 hours -
‘Expired’ rice scandal: FDA is complicit; top officials must be fired – Ablakwa
3 hours -
#TheManifestoDebate: We’ll provide potable water, expand water distribution network – NDC
4 hours