Pulse.com.gh logo
Go


Ghana Illlegal Oil Trade Stop cheating customers- Petroleum Minister warns OMCs

The National Petroleum Authority, in 2015, passed the Petroleum Downstream Full Deregulation Policy, which essentially, gives OMCs the power to set their individual prices based on the costs of key components every fortnight.

  • Published: , Refreshed:
Petroleum Minister, Emmanuel Kofi Armah Buah play

Petroleum Minister, Emmanuel Kofi Armah Buah

Emmanuel Armah Kofi-Buah, Petroleum and Energy Minister,  has called on Oil Marketing Companies operating in the country to set affordable prices for petroleum products in the country.

The National Petroleum Authority, in 2015, passed the Petroleum Downstream Full Deregulation Policy, which essentially, gives OMCs the power to set their individual prices based on the costs of key components every fortnight.

READ MORE: Company merger Ghana Gas, GNPC merger almost complete

The Petroleum Minister sounded a strong warning to the OMCs, who, he says are beginning to take advantage of the deregulation policy to abuse customers with exorbitant prices.

 “In determining the price, you must be sensitive to the people of Ghana and that the National Petroleum Authority (NPA) should make sure systems are put in place to ensure that the right things are done” he advised.

“Deregulation exercise was introduced by the government to assist the OMC’s to formulate prices of petroleum products by themselves based on global trend,” he said.

 

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Education Top 5 private high schools in Ghana according to WAECbullet
3 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
4 Breaking Otabil finally breaks silence on banking controversiesbullet
5 Incompetence Otabil wasn't qualified to be Capital Bank Board...bullet
6 Tax Policy Gov't weighs in on controversial MoMo taxbullet
7 Promo Glo introduces Yakata, Ghana’s most exciting telecoms...bullet
8 Banking In Ghana Stranded customers of First Allied...bullet
9 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet
10 How to create a verified PayPal account Learn how to...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
5 Former Capital Bank staff grills pork for survivalbullet
6 Support Finance minister buys Kantanka carbullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 Plane Crash Starbow suspends operations following plane...bullet
10 Video We are determined to move Ghana beyond aid - Bawumiabullet

Business