The National Petroleum Authority (NPA) has sanctioned four Oil Marketing Companies (OMCs) for engaging in illicit third-party trading and unlawful lifting of petroleum products.
Per the sanction, Finest Oil will pay a fine of ₵160,000.00 comprising ₵10,000.00 for engaging in third-party supplies for the first time and ₵150,000.00 for the unlawful lifting of petroleum products.
Failure by the company to comply will attract an additional one (1) month’s suspension of its operations.
In the case of Petro XP, it will pay a fine of ₵340,000.00 comprising ₵10,000.00 for engaging in third-party supplies for the first time and ₵330,000.00 for the unlawful lifting of petroleum products. If Petro XP fails to comply, it will attract an additional one (1) month’s suspension of its operations.
Glasark Oil has been fined ₵95,000.00 comprising ₵10,000.00 for engaging in third-party supplies for the first time and ₵85,000.00 for the unlawful lifting of petroleum products.
Failure by the company to comply will attract an additional one (1) month’s suspension of its operations.
For Lilygold Resources Limited, it will pay a fine not exceeding five (5) times the license/permit fee for breaking the Authority's seals, and failure to pay will result in the suspension of its operating license in addition to paying the penalties.
The NPA cautions that any company that fails to comply with the rules and guidelines stipulated by the Authority will be subjected to further sanctions.
Latest Stories
-
Let’s prioritize research quality in higher education institutions for industrial growth-Prof. Nathaniel Boso
3 hours -
Herman Suede is set to release ‘How Dare You’ on April 24
6 hours -
Heal KATH: Kuapa Kokoo, Association of Garages donate 120k to support project
6 hours -
KNUST signs MOU with Valco Trust Fund, Bekwai Municipal Hospital to build student hostel
7 hours -
The influence Ronaldo has on people, Cadman Yamoah will have same on the next generation – Coach Goodwin
7 hours -
Gender Advocate Emelia Naa Ayeley Aryee Wins prestigious Merck Foundation Awards
8 hours -
South Africa bursary scandal suspects granted bail
9 hours -
Ecobank successfully repays $500m Eurobond due April 18
9 hours -
Re: Doe Adjaho, Torgbui Samlafo IV, call for Unity among Paramountcies in Anlo
9 hours -
Extortion and kidnap – a deadly journey across Mexico into the US
9 hours -
Rihanna says fashion has helped her personal ‘rediscovery’ after having children
9 hours -
Development Bank Ghana targets GH¢1bn funding for commercial banks in 2024
9 hours -
Shatta Movement apologises to Ghana Society of the Physically Disabled after backlash
10 hours -
Sammy Gyamfi writes: Tema-Mpakadan Railway Project; A railway line to nowhere
11 hours -
Bright Simons: Is the World Bank saving or harming Ghana?
11 hours