9 OMCS FINED 2.2M BY NPA FOR LIFTING PETROLEUM PRODUCTS
The National Petroleum Authority (NPA) has fined nine (9) oil marketing companies (OMCs) a total of 2,215,000 cedis for engaging in illegal Third-Party trading of petroleum products and unlawful lifting of petroleum products.
Bello Petroleum, Jas Petroleum, Oval Energy, Kros Energy, Safety Petroleum, and Santol Energy are the companies. Riseglobe Energy, Sayon Energy, and Cigo Energy are the others.
The NPA stated in a press release 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, which included $10,000.00 for the first time engaging in third-party supplies and $415,000.00 for the illegal lifting of petroleum products.
Bello Petroleum was fined $120,000.00, with $10,000.00 for the first time engaging in third-party supplies and $110,000.00 for the unlawful lifting of petroleum products.
Jas Petroleum will pay a fine of $65,000.00, which includes $10,000.00 for the first time engaging in third-party supplies and $55,000.00 for the unlawful lifting of petroleum products.
Oval Energy will also pay a fine of GHS245,000.00, which includes GHS10,000.00 for the first time engaging in third-party supplies and GHS235,000.00 for the illegal lifting of petroleum products.
Kros Energy was fined GHS295,000.00, which included GHS10,000.00 for the first time engaging in third-party supplies 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.
“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.
Source: Energy Ghana
