NPA sets record straight on New LPG Levies.
April 2, 2020
The National Petroleum Authority, NPA, has introduced new margins and increased existing ones in the Petroleum Price Build-Up.
In a circular, marked “confidential”, which has been cited by the Ghana Talks Business, the NPA directed at the fuel margins have been revised from 3 pesewas to about 4 pesewas per litre.
It has also introduced a Cylinder Investment Margin (CIM) of
13.5 pesewas on LPGs.
Cylinder Re circulation Model policy
This new directive has been met with some criticism. Players
in the industry say the levy will further burden the consumers.
But the NPA is cited in the Daily Guide Newspaper as saying
the introduction of the levies, especially the CIM, is to support LPGMCs/OMCs
ahead of the implementation of the cylinder Recirculation Model (CRM).
The NPA in March this year launched the pilot phase of the
policy in Kade in the Eastern region and Obuasi in the Ashanti Region.
The policy is intended to change the current mode of gas
distribution into a more secured and safe manner.
The policy is to ensure a surge in the usage of LPG from the
current 25% to 50% by 2030.
As part of the CRM policy, the LPGMCs and OMCs will be responsible for the branding, safety and maintenance of the cylinders.
This means that consumers will no longer have to take an
empty cylinder to be filled, they simply have to take their empty cylinders to
an OMC/LPGMC and replace it with a filled one.
There will be different cylinder sizes from 3kg to 14.5kg to
ensure that consumers pay for what they can afford.
A source at the NPA told the same Newspaper that the regulator is determined to support the LPGMCs and Oil Marketing Companies, and has consistently engaged and consulted them on all aspects of the implementation of the energy policy.
The post NPA sets record straight on New LPG Levies. appeared first on Ghana Talks Business.
Source : African Media Agency (AMA)
Nkemnji Global Tech
Featured
Kenya introduces C-145 Skytruck aircraft
Pan African Visions | April 21, 2021 4:36 pm
Glasgow and DC “Climate Clocks” send message to Biden and global leaders in advance of Earth Day: #ActInTime!
Pan African Visions | April 21, 2021 4:03 pm
South Sudan: Kiir On Charm Offensive to South African Investors
Pan African Visions | April 20, 2021 4:11 pm
Lifeline For South African Gold Miners In £280Million Compensation Relief.
Pan African Visions | April 20, 2021 3:43 pm
Recent News
-
Kenya:No Ease For Covid-19 Restrictions
April 21, 2021 4:48 pm
-
Kenya introduces C-145 Skytruck aircraft
April 21, 2021 4:36 pm
-
Climate Movement calls on Africa’s leaders to push for concerted climate action as Biden’s Leaders Summit starts
April 21, 2021 4:18 pm
-
Glasgow and DC “Climate Clocks” send message to Biden and global leaders in advance of Earth Day: #ActInTime!
April 21, 2021 4:03 pm
-
Wärtsilä partners with Ambitious.Africa to support young African talents
April 21, 2021 7:36 am
Leave a Reply