Audio By Carbonatix
Forty-four oil marketing companies have defaulted on their obligation to remit levies owed to the Bulk Oil Storage and Transportation (BOST), now rebranded as the Bulk Energy Storage and Transportation Limited (BEST).
These companies were supposed to collect the BOST margin from petroleum product sales and remit it to the National Petroleum Authority (NPA) for onward transmission to BOST.
However, they collected the levies and margins but failed to transfer the funds, disappearing with nearly GH₵60 million.
The companies involved include Best Petroleum Limited, owing GH₵114,480; Black Rock Energy Limited, which owes GH₵802,444; Bisvel Petroleum Services, which owes GH₵293,040; Capstone, which owes GH₵1,565,661; Cigo Energy Limited, which owes GH₵1,235,740; Champion Oil Co., which owes GH₵838,165; Deep Petroleum Limited, which owes GH₵100,720; Deliman, which owes GH₵225,610; Galaxy Energy, which owes GH₵196,830; Gulf Energy, which owes GH₵10,190,045; G&G, which owes GH₵856,166; Golden Petr. Limited, which owes GH₵246,375; and Hossana Oil, owing GH₵286,265.
Other defaulters include Humano, which owes GH₵901,137; Havilah Oil Ghana Ltd - GH₵523,950; Jas Petroleum Limited - GH₵2,356,290; Karela Oil and Gas Limited - GH₵2,660,583; Kros Energy Limited - owes GH₵525,908; L. Link Petroleum Co. Limited - GH₵40,225; Life Petroleum Company Ltd - GH₵33,150; Lilygold Energy Res. Ltd - GH₵761,995; Mba Global Petroleum Limited-GH₵220,725; Moari Oil Company Limited - GH₵968,895; and Naddif Company Limited, which owes GH₵1,528,409.
The rest are Nujenix Company Limited, which owes GH₵163,460; Nuru Oil Company Limited - GH₵175,087; Oval Energy Company Limited- GH₵6,593,673; P&O Energy Company Limited - GH₵383,724; Petro Afrique Ghana Ltd - GH₵22,355; Petra Energy - GH₵301,984; Perfect Petroleum Co. Limited - GH₵680,635; Precious Oil - GH₵436,182; and Q8 Oil, which owes GH₵2,092,299.
Rigworld Petroleum Services Limited owes GH₵2,565; Rodo Oil Limited, owes GH₵2,168,784; Rich Oil Company Limited, owes GH₵237,657; Royal Roses, owes GH₵1,215; Sawiz, owes GH₵180,166; Santol Oil, owes GH₵2,965,795; Safety Petroleum Limited, owes GH₵4,926,410; Sephem Oil Company Limited owes GH₵6,075; Titan Petroleum Limited owes GH₵1,140,150; whereas Union Oil owes GH₵41,175; and Zoe Petroleum, owes GH₵9,532,928.
Latest Stories
-
Tera Carissa Hodges joins global creatives to discuss cultural sovereignty at AfroCannes 2026
15 minutes -
TCDA CEO leads charge to scale up cashew apple value addition opportunities
23 minutes -
MGL’s May Day Egg market ends in resounding success as crowds turn out for affordable eggs
1 hour -
Energy expert advocates increased private-sector role in power distribution to tackle dumsor
1 hour -
Tony Asare Writes: A clotted artery, by-passes and detours
1 hour -
No road project cancelled under Mahama’s reset agenda — Roads Minister
1 hour -
Mahama praises IGP Yohunu, hails intelligence-led policing at Krobo-Odumase commissioning
1 hour -
“Energy situation is stable” – John Jinapor assures Ghanaians
1 hour -
Ghana Tuna Association reaffirms sustainability commitment on World Tuna Day
1 hour -
Mahama commissions Odumase Krobo Divisional Police HQ, boosts operations with vehicles
2 hours -
Roads Minister urges contractors to stay on site, assures prioritised payments
2 hours -
Suhuyini credits Ameri plant for averting 2024 power crisis in Kumasi
2 hours -
Thirteen killed in Israeli strikes on southern Lebanon, health ministry says
2 hours -
Tano North MP sounds alarm over galamsey devastation, accuses officials of shielding perpetrators
2 hours -
Digital wealth, analog poverty: Why technology isn’t closing the gap
2 hours