NPA sanctions seven Oil and Natural Gas (OMCs) for their involvement in the illegal distribution of fuel

Seven Petroleum Products Marketing Companies (PPMCs) have received sanctions from the National Petroleum Authority (NPA) for the illegal distribution of petroleum products.

They must pay fines for breaking the rules of the Unified Petroleum Pricing Fund (UPPF), lying to the Authority about the UPPF, and using third parties to provide them.

The concerned businesses' operations would be suspended for three months if they fail to pay the fines.

Andev Co. Ltd. shall pay a GHS90,000.00 total penalties in this case. This includes GHS10,000 for breaking UPPF rules and GHS10,000 for each of the eight (8) offences of lying to the Authority on UPPF matters.

Beap Energy must pay a total of GHS20,000.00 in fines, of which GHS10,000.00 are for breaking UPPF rules and GHS5,000.00 are each for two (2) offenses of using supplies from a third party.

The overall fine for BF Petroleum will be GHS95,000.00. This amounts to GHS10,000.00 for breaking UPPF rules, GHS5,000.00 for ten (10) counts of receiving supplies from a third party, and GHS5,000.00 for seven (7) offenses of removing petroleum products without obtaining cross-zonal permission.

A total fine of GHS 50,000 must be paid by Anasset Co. Ltd. This includes GHS10,000.00 for breaking UPPF rules and GHS10,000.00 per count for telling the Authority incorrect information about UPPF on four (4) separate occasions.

Another company, Cost Energy is to pay a total fine of GHS 665,000.00, comprising GHS10,000.00 for engaging in third-party supplies and GHS5,000.00 each for one hundred and thirty-one (131) counts of third-party supplies.

Compass Oleum Ltd will pay a total fine of GHS350,000.00. This constitutes GHS10,000.00 for violating UPPF regulations, GHS5,000.00 each for fifteen (15) counts of lifting petroleum products without cross zonal authorization and GHS,5000.00 each for fifty-three (53) counts of engaging in Third Party supplies.

Concord Oil Ltd is to pay a total fine of GHS65,000.00. This comprises GHS10,000.00 for violating UPPF regulations, GHS5,000.00 each for four (4) counts of engaging in third-party supplies and GHS5,000.00 each for seven (7) counts of lifting Petroleum products without cross-zonal authorization.

The NPA cautioned that any company that fails to comply with the approved rules and regulations stipulated by the Authority would be subjected to further sanctions.

The UPPF ensures that prices of petroleum products are the same across the country.