Dr. Mustapha Abdul-Hamid

The National Petroleum Authority (NPA) has fined nine (9) oil marketing companies (OMCs) ₵2,215,000 cedis for engaging in illicit Third-Party trading of petroleum products, and unlawful lifting of petroleum products.

The companies are Bello Petroleum, Jas Petroleum, Oval Energy, Kros Energy, Safety Petroleum, Santol Energy. The rest are Riseglobe Energy, Sayon Energy and Cigo Energy.

A release issued by the NPA directed that “Cigo Energy pay a fine of ₵725,000.00 comprising ₵30,000.00 for engaging in third party supplies for the second time and ₵695,000.00 by for the unlawful lifting of petroleum products.”

Sayon Energy was fined ₵425,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and ₵415,000.00 for the unlawful lifting of petroleum products.

Bello Petroleum was slapped with a fine of ₵120, 000.00 comprising ₵ 10,000 for engaging in third party supplies for the first time and ₵110,000.00 for the unlawful lifting of petroleum products.

Jas Petroleum is to pay a fine of ₵65,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and ₵55,000.00 for the unlawful lifting of petroleum products.

Oval Energy will also pay a fine of ₵245,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and GHS235,000.00 for the unlawful lifting of petroleum products.

Kros Energy was sanctioned to pay a fine of ₵295,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and GHS285,000.00 for the unlawful lifting of petroleum products.

Safety Petroleum will pay a fine of ₵200,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and ₵190,000.00 for the unlawful lifting of petroleum products.

“Safety Petroleum will pay a fine of ₵200,000.00 comprising ₵10,000.00 for engaging in third party supplies for the first time and ₵190,000.00 for the unlawful lifting of petroleum products.

“That Santol Energy will pay a fine of ₵75,000.00 comprising ₵10,000.00 for engaging in Third Party Supplies for the first time and ₵65,000.00 for the unlawful lifting of petroleum products.

“Riseglobe Energy pays a fine of ₵65,000.00 comprising ₵10,000.00 for engaging in Third Party Supplies for the first time and ₵55,000.00 for the unlawful lifting of petroleum products,” the release stated.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.