• About Us
  • Advertise With Us
  • Terms of Use
  • Privacy Policy
  • Contact
Tuesday, June 10, 2025
Login
Myliberty Media
  • Home
  • News
    • Entertainment
    • Health
    • Business
    • Maritime
    • Technology
    • Events
    • NGO
    • Science
    • Lifestyle
  • Religion
  • Sports
  • Education
  • Economy
  • Environment
  • Crime
  • Parliament
  • Social
  • Politics
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Media
    • TV
    • Radio
    • Podcast
    • Video News
  • Home
  • News
    • Entertainment
    • Health
    • Business
    • Maritime
    • Technology
    • Events
    • NGO
    • Science
    • Lifestyle
  • Religion
  • Sports
  • Education
  • Economy
  • Environment
  • Crime
  • Parliament
  • Social
  • Politics
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Media
    • TV
    • Radio
    • Podcast
    • Video News
MyLiberty Media
  • Home
  • Business
  • Crime
  • Politics
  • Economy
  • Education
  • Entertainment
  • Environment
  • Health
  • Sports
  • Lifestyle
  • Technology
  • Parliament
  • Events
  • General News
  • Politics
  • Religion
  • Maritime
  • Social
  • World
  • Video News
  • TV
  • Radio
  • Podcast
Home Economy

NPA sanctions seven OMCs for illegitimate fuel distribution

By GNA

Frank Atiase
October 12, 2023
in Economy, Headlines
Reading Time: 2 mins read
National Petroleum Authority
Share on FacebookShare on TwitterShare on Linkedin

 

Accra-Ghana, Oct 12, GNA – The National Petroleum Authority (NPA) has sanctioned seven Petroleum Products Marketing Companies (PPMCs) for illicit distribution of petroleum products.

They are to pay fines for violation of Unified Petroleum Pricing Fund (UPPF) regulations, making false UPPF representations to the Authority, and engaging in third-party supplies, failure by which they would be suspended for three months.

RelatedNews

BECE candidate urges implementation of 24-hour economy

June 9, 2025

Teacher at Tromeso losses belongings to fire outbreak

June 9, 2025
ADVERTISEMENT

“In the case of Andev Co. Ltd, it will pay a total fine of GHS90,000.00. This comprises GHS10,000.00 for violating UPPF regulations and GHS10,000.00 each for eight (8) counts of making false UPPF representations to the Authority.”

A statement copied to the Ghana News Agency in Accra said Beap Energy would pay a total fine of GHS20,000.00, comprising GHS10,000.00 for violating UPPF regulations and GHS5,000.00 each for two (2) counts of third-party supplies.

It said BF Petroleum company would pay a total fine of GHS95,000.00. This constitutes GHS10,000.00 for violating UPPF regulations, GHS5,000.00 each for ten (10) counts of third-party supplies and GHS5,000.00 each for seven (7) counts of lifting petroleum products without cross-zonal authorization.

Anasset Co. Ltd , according to the statement would pay a total fine of GHS50,000.00 comprising GHS10,000.00 for violating UPPF regulations, GHS10,000.00 each for four (4) counts of making false UPPF representations to the Authority.

“Another company, Cost Energy is to pay a total fine of GHS 665,000.00, comprising GHS10,000.00 for engaging in third-party supplies and GHS5,000.00 each for one hundred and thirty-one (131) counts of third-party supplies.

The statement said Compass Oleum Ltd would pay a total fine of GHS350,000.00, which constituted GHS10,000.00 for violating UPPF regulations, GHS5,000.00 each for fifteen (15) counts of lifting petroleum products without cross zonal authorization and GHS,5000.00 each for fifty-three (53) counts of engaging in Third Party supplies.

Concord Oil Ltd would also pay a total fine of GHS65,000.00 comprising GHS10,000.00 for violating UPPF regulations, GHS5,000.00 each for four (4) counts of engaging in third-party supplies and GHS5,000.00 each for seven (7) counts of lifting Petroleum products without cross-zonal authorization.

The NPA cautioned that any company that failed to comply with the approved rules and regulations stipulated by the Authority would be subjected to further sanctions.

“The UPPF ensures that prices of petroleum products are the same across the country.”

 

Source: Ghana News Agency
Tags: npaSanctions
Share600Tweet375Share105SendShare
ADVERTISEMENT
Frank Atiase

Frank Atiase

Related Posts

Education

BECE candidate urges implementation of 24-hour economy

June 9, 2025
Social

Teacher at Tromeso losses belongings to fire outbreak

June 9, 2025
Environment

WASCAL Urges Youth Inclusion in Climate Action Initiatives

June 9, 2025
Health

PSGH Demands Justice After Murder of Bolgatanga Pharmacist

June 9, 2025
Economy

COPEC Calls for Stakeholder Forum on New Petroleum Levy

June 9, 2025
Environment

Stakeholders call for urgent policy reforms on single-use plastics on world environment day

June 9, 2025

Ad

Search

ADVERTISEMENT

CATEGORIES

  • Business
  • Court
  • Crime
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Financial
  • General News
    • Gossip
    • Opinions
  • Headlines
  • Health
  • Lifestyle
  • Maritime
  • NGO
  • Parliament
  • Politics
  • Religion
  • Science
  • Social
  • Sports
  • Technology
  • Top Stories
  • Video News
  • World
    • Africa
    • Americas
    • Asia
    • Europe

Recent Posts

  • BECE candidate urges implementation of 24-hour economy
  • Teacher at Tromeso losses belongings to fire outbreak
  • WASCAL Urges Youth Inclusion in Climate Action Initiatives
  • PSGH Demands Justice After Murder of Bolgatanga Pharmacist
  • COPEC Calls for Stakeholder Forum on New Petroleum Levy
  • Stakeholders call for urgent policy reforms on single-use plastics on world environment day

  • About Us
  • Advertise With Us
  • Terms of Use
  • Privacy Policy
  • Contact

Copyright © 2024 Myliberty Multimedia Group.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

LIVE

  • Home
  • Business
  • Crime
  • Politics
  • Economy
  • Education
  • Entertainment
  • Environment
  • Health
  • Sports
  • Lifestyle
  • Technology
  • Parliament
  • Events
  • General News
  • Politics
  • Religion
  • Maritime
  • Social
  • World
  • Video News
  • TV
  • Radio
  • Podcast
Login

Copyright © 2024 Myliberty Multimedia Group.