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Results for "Oil Marketing Companies (OMCs)"

21 stories found

Ghanaian Oil Marketing Companies Increase Fuel Prices
Worldmyjoyonline2mo ago

Ghanaian Oil Marketing Companies Increase Fuel Prices

Some Oil Marketing Companies (OMCs) in Ghana have begun increasing fuel prices, with Star Oil selling petrol at GH¢15.20. The National Petroleum Authority (NPA) has urged motorists to verify fuel purchases and demand receipts.

Ghanaian OMCs Implement GH¢2 Diesel Price Reduction
Politicsmyjoyonline14d ago

Ghanaian OMCs Implement GH¢2 Diesel Price Reduction

Oil Marketing Companies (OMCs) in Ghana have begun implementing a GH¢2 reduction in diesel prices, following a directive from former President Mahama, aimed at cushioning consumers against global fuel market volatility.

Govt hikes kerosene by Rs40 per litre, keeps petrol and diesel prices unchanged
BusinessDawn5mo ago

Govt hikes kerosene by Rs40 per litre, keeps petrol and diesel prices unchanged

The government has increased the price of kerosene oil by another Rs40 per litre and approved Rs23 billion price differential subsidy for payments to oil marketing companies (OMCs) to keep the prices of two other oil products — petrol and high-speed diesel (HSD) — unchanged for the week ending March 20. Otherwise, the petrol and HSD prices should have gone up by more than Rs49 and Rs75 per litre with effect from March 14. With fresh price notification, Kerosene, commonly described as poor ...

Government Fuel Tax Relief Impacts OMCs
Businessmyjoyonline4mo ago

Government Fuel Tax Relief Impacts OMCs

A government's fuel tax relief policy is designed to avoid an immediate hit to state revenue but is reportedly placing significant financial pressure on Oil Marketing Companies (OMCs). The articles analyze the fiscal implications and operational challenges arising from this measure.