Oil and Gas

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Govt failed to retrieve $2.77m as surface rentals from 12 oil companies – Report

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The Auditor-General’s report on the general management of petroleum funds for the period of January 1 to December 31, 2022, has revealed that the government failed to retrieve a total of US$2,774,067 being funds for surface rentals by 12 oil companies. The AG’s report disclosed that the total estimated proceeds for surface rentals for the … Read more

Fuel prices cross GH¢15 per litre

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Some oil marketing companies (OMCs) have begun upwardly adjusting their prices at the pumps following the commencement of July’s second pricing window. One of the leading oil marketing companies, Shell for instance, which previously sold a litre of petrol at GHȼ14.80 is now selling at GHȼ15.10 while a litre of diesel previously selling at GH¢14.92 … Read more