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
-
Ghana’s Education Quality ranked 125 out of 183 countries in latest Global Youth Development Index
25 mins -
Emma Stone wants people to use her real first name
28 mins -
FIFA Club World Cup 2025: Sundowns, Esperance join Al Ahly and Wydad as CAF representatives
4 hours -
CAFCL: Al Ahly set up historic final with ES Tunis
5 hours -
We didn’t sneak out 10 BVDs; they were auctioned as obsolete equipment – EC
8 hours -
King Charles to resume public duties after progress in cancer treatment
9 hours -
Arda Guler scores on first start in La Liga as Madrid beat Real Sociedad
9 hours -
Fatawu Issahaku’s Leicester City secures Premier League promotion after Leeds defeat
9 hours -
Anticipation builds as Junior Speller hosts nationwide auditions
10 hours -
Etse Sikanku: The driver’s mate conundrum
10 hours -
IMF Deputy Chief worried large chunk of Eurobonds is used to service debt
11 hours -
Otumfuo Osei Tutu II celebrates 25 years of peaceful rule on golden stool
11 hours -
We have enough funds to pay accruing benefits; we’ve never missed pension payments since 1991 – SSNIT
11 hours -
Let’s embrace shared vision and propel National Banking College – First Deputy Governor
12 hours -
Liverpool agree compensation deal with Feyenoord for Slot
12 hours