-Advertisement-

-Advertisement-

NPA sanctions four OMCs for illicit trading

Source the Ghana Report

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.

Leave A Comment

Your email address will not be published.

You might also like
where to buy viagra buy generic 100mg viagra online
buy amoxicillin online can you buy amoxicillin over the counter
buy ivermectin online buy ivermectin for humans
viagra before and after photos how long does viagra last
buy viagra online where can i buy viagra