Special topics
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 GH¢160,000
comprising GH¢10,000 for engaging in third-party supplies for the first time
and GH¢150,000 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 GH¢340,000
comprising GH¢10,000 for engaging in third-party supplies for the first time
and GH¢330,000 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 GH¢95,000 comprising GH¢10,000
for engaging in third-party supplies for the first time and GH¢85,000 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 licence/permit fee for breaking the Authority’s
seals; and failure to pay will result in the suspension of its operating
licence in addition to paying the penalties.
NPA cautions that any company that fails to comply with the
rules and guidelines stipulated by the Authority will be subjected to further
sanctions.
