The National Petroleum Authority (NPA) has fined seven Petroleum Service Providers (PSPs) for engaging in illicit Third-Party trading of petroleum products, and unlawful lifting of petroleum products.

The companies are Moari Oil Company Ltd, Rodo Oil Company Ltd, MBA Global Ltd, Cigo Energy Ltd and Torrid Global Ltd. The rest are Naddif Co Ltd, and GAT Oil.

A release issued by the NPA directed that “Moari Oil Company Ltd pay a fine of GHS50, 000, comprising of GHS10,000 for engaging in Third-Party Supplies and GHS40,000 for the unlawful lifting of petroleum products.”

Rodo Oil was slapped with a fine GHS350, 000 comprising of GHS10,000 for engaging in Third-Party Supplies and GHS340,000 for the unlawful lifting of petroleum products, as well as a one month suspension of operations.

MBA Global Ltd was also fined GHS85,000.00 comprising of GHS 10,000.00 for engaging in Third Party Supplies, GHS75,000.00 for the unlawful lifting of petroleum products and one month suspension of operations, while Cigo Energy will pay a fine of GHS245,000.00 comprising of GHS10,000.00 for engaging in Third Party Supplies and GHS235,000 for the unlawful lifting of petroleum products.

Torrid Global Ltd was sanctioned to pay GHS550,000.00 comprising of GHS 10,000.00 for engaging in Third Party Supplies and GHS540,000.00 for the unlawful lifting of petroleum products, while Naddif Co. Ltd is expected to pay  GHS150,000.00 comprising of GHS 10,000.00 for engaging in Third Party Supplies, GHS140,000.00 for the unlawful lifting of petroleum products and one month suspension of operations.

“That GAT Oil pay a fine of GHS120,000.00 comprising of GHS 10,000.00 for engaging in Third Party Supplies, GHS110,000.00 for the unlawful lifting of petroleum products and one month suspension of operations”, the statement said.