The Vice President, Dr. Mahamudu Bawumia, has together with the National Petroleum Authority (NPA), launched the National Retail Outlet Fuel Monitoring System as part of aggressive reforms to pluck all revenue leakages in the downstream petroleum sector.
According to the Chief Director of Safety, Esther Anku, the fuel monitoring system is a demonstration of NPA’s commitment towards improving the efficiency of the petroleum products distribution system.
Speaking at the launch, Esther Anku revealed that the system also constitutes a major plank in the broad structures deployed to control illicit activities in the petroleum downstream industry in the country.
Launching the system, Vice President – Dr. Mahamudu Bawumia stated that the initiative would not just improve the Petroleum Product Distribution System but also go a long way to help the government in its effort to maximize the mobilization of revenue from petroleum products.
“Taxes and levies on petroleum products are major sources of revenue for the government in pursuing its developmental agenda. Actions, decisions and policies of individuals and corporate bodies which result in petroleum product distribution leakages with consequential revenue losses to the state inhibit economic development and therefore have serious negative consequences on the developmental agenda of the government,” he justified.
The National Retail Outlet Fuel Monitoring System is aimed at complementing measures already taken in the fight against illicit activities and it is expected to monitor the receipt into the retail outlets of smuggled products, products meant for export and diverted subsidized products such as Premix and MGO local.
The implementation of the National Fuel Monitoring System, comprising the installation of Automatic Tank Gauges (ATG) and Forecourt/Dispenser Transaction Control System at the retail outlets, will provide data on sales and in-tank volumes that enables remote monitoring, and will therefore be an effective tool to combat unauthorized Third Party Deliveries.
The deployment of the system includes the calibration of all underground storage tanks using the world’s most advanced calibration technology, the Calibex 3D laser calibration technique that delivers high accuracy calibration within thirty (30) minutes.
Latest Stories
-
Excessive partisanship is Ghana’s problem; transformative leadership is the solution – Alan Kyerematen
8 mins -
NDC accuses NPP of attempting to block GFP’s ballot re-entry to alter positions
9 mins -
Alan Kyerematen is the situational leader Ghana needs at this critical time – Boniface Siddique
20 mins -
Speaker to address media on recent developments in Parliament, other issues on Wednesday
20 mins -
#Eleection2024: It’s a collective responsibility to maintain peace – Asogli Queen
25 mins -
Bawku conflict claims 61-year-old man, raising death toll to 22
31 mins -
Ghana’s education system stifles critical thinking, innovation – Sam Jonah
36 mins -
“Pay us our royalties” – Celestine Donkor’s manager to Boomplay
43 mins -
Ghana’s overlooked cocoa farmers: The key to a fair and sustainable cocoa industry
1 hour -
Napo urges Seikwa to reject NDC, accuses Asiedu Nketiah of rejecting his hometown
1 hour -
MTN Foundation empowers Volta Region entrepreneurs to drive Ghana’s economic transformation
1 hour -
Sam Jonah criticises reliance on past questions, calls for education reform
2 hours -
Abronye lauds Napo’s impact in Bono Region
2 hours -
Election 2024: Confusion rocks GFP as 2 factions send contradictory letters to EC
2 hours -
NDC Chairman asks NPP supporters to vote out governing party to allow internal restructuring
2 hours