The National Petroleum Authority (NPA) has fined nine oil marketing companies GH¢2,215,000 for engaging in illicit Third-Party trading of petroleum products, and unlawful lifting of petroleum products.
The companies are Bello Petroleum, Jas Petroleum, Oval Energy, Kros Energy, Safety Petroleum, Santol Energy, Riseglobe Energy, Sayon Energy and Cigo Energy.
NPA in a statement issued yesterday, directed that “Cigo Energy pay a fine of GH¢725,000.00 comprising GH¢30,000.00 for engaging in third party supplies for the second time and GH¢695,000.00 by for the unlawful lifting of petroleum products.”
Sayon Energy was fined GH¢425,000.00, comprising GH¢10,000.00 for engaging in third party supplies for the first time and GH¢415,000.00 for the unlawful lifting of petroleum products.
Bello Petroleum was slapped with a fine of GH¢120, 000.00, including GH¢10,000 for engaging in third party supplies for the first time and GH¢110,000.00 for the unlawful lifting of petroleum products.
Jas Petroleum is to pay a fine of GH¢65,000.00, comprising GH¢10,000.00 for engaging in third party supplies for the first time and GH¢55,000.00 for the unlawful lifting of petroleum products.
Oval Energy will also pay a fine of GH¢245,000.00, constituting GH¢10,000.00 for engaging in third party supplies for the first time and GH¢235,000.00 for the unlawful lifting of petroleum products.
Kros Energy was sanctioned to pay a fine of GH¢295,000.00, made up of GH¢10,000.00 for engaging in third party supplies for the first time and GH¢285,000.00 for the unlawful lifting of petroleum products.
Safety Petroleum will pay a fine of GH¢200,000.00 comprising GH¢10,000.00 for engaging in third party supplies for the first time and GH¢190,000.00 for the unlawful lifting of petroleum products.
“That Santol Energy will pay a fine of GH¢75,000.00 comprising GH¢10,000.00 for engaging in Third Party Supplies for the first time and GH¢65,000.00 for the unlawful lifting of petroleum products.
“Riseglobe Energy pays a fine of GH¢65,000.00 comprising GH¢10,000.00 for engaging in Third Party Supplies for the first time and GH¢55,000.00 for the unlawful lifting of petroleum products,” the stamen concluded.
