Ghana:NPA Goes After 45 OMCs For Pocketing Almost Gh¢68 Million Primary Distribution Margin Fund

Ghana’s petroleum downstream regulator, National Petroleum Authority (NPA), has issued a warning notice to 45 Oil Marketing Companies (OMCs) that are indebted to Primary Distribution Margin Fund.

The Authority gave the companies up to 30th September 2022 to settle their indebtedness or have their shareholders’ and directors’ names published.

Energynewsafrica.com understands the companies owe the state about Gh¢68 million.

It is not known how many years the companies have owed the Primary Distribution Margin Fund, which is one of the tax components on petroleum products.

It is charged on every litre of petrol and diesel and it’s collected by the Oil Marketing Companies (OMCs).

It is used to offset cost incurred in moving petroleum products from the coastal depots to the in land depots.

In a notice issued by the NPA on Monday, it said the authority would be compelled to use all lawful means to retrieve the monies owed if they failed to settle their indebtedness.

Among the 45 companies mentioned in the NPA statement are Apex Petroleum Ghana Limited, Santol Energy Limited, Hak Oil, Life Petroleum Company Limited, Rich Oil Company Limited, Petro Afrique Ghana Limited, and Champion Oil Company Limited.

Below is the full list of defaulting OMCs 

1. Apex Petroleum Ghana Limited
2. Avos Oil Company Limited
3. Bisvel Petroleum Services
4. Black Rock Energy Limited
5. Capstone Oil Limited
6. Champion Oil Company Limited
7. Deep Petroleum Limited
8. Deliman & Co Limited
9. G& G Oil Limited
10. Glee Oil Limited
11. Golden Petroleum Limited
12. Hak Oil
13. Havilah Oil Ghana Limited
14. Hossana Oil Company Limited
15. Humano Energy Limited
16. Jas Petroleum Limited
17. Karela Oil And Gas Limited
18. Life Petroleum Company Limited
19. Lillygold Energy Resources Limited

20 Maiga & Hhm Company Limited

21. Mba Global Petroleum Limited
22. Mm Energy Limited
23. Nuru Oil Company Limited
24. Orient Energy Limited
25. Oval Energy Company Limited
26. P&0 Energy Company Limited
27. Perfect Petroleum Company Limited
28. Peta Energy Limited
29. Petro Afrique Ghana Limited
30. Q8 Oil (Gh) Company Limited
31. Rich Oil Company Limited
32. Rodo Oil Limited
33. Royal Roses Oil Company Limited
34. Safety Petroleum Limited
35. Santol Energy Limited
36. Sawiz Petroleum Company Limited
37. Sephem Oil Company Limited
38. Sky Petroleum Limited
39. Spirits Petroleum Limited
40. Titan Petroleum Limited
41. Union Oil Ghana Limited
42. Unique Oil Company Limited
43. Universal Oil Company Limited
44. Warren Oil Company Limited
45. Zoe Petroleum Limited

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