Ghana’s petroleum downstream regulator, National Petroleum Authority (NPA), has issued a warning notice to 47 Oil Marketing Companies (OMCs) that are indebted to Primary Distribution Margin Fund.
The Authority gave the companies up to 22nd February 2023 to settle their indebtedness or have their shareholders’ and directors’ names published.
In a notice issued by the NPA on Wednesday, 8th February 2023, it said the Authority would be compelled to use all lawful means to retrieve the monies owed if they failed to settle their indebtedness.
The NPA did not disclose how many years the companies have owed the Primary Distribution Margin Fund, which is one of the tax components on petroleum products.
The Primary Distribution Margin 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.
Among the 45 companies mentioned in the NPA statement are Apex Petroleum Ghana Limited, Santol Energy Limited, Havilah Oil Ghana Limited, 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
Apex Petroleum Ghana Limited
Best Petroleum
Bisvel Petroleum Services
Black Rock Energy Limited
Capstone Oil Limited
Champion Oil Company Limited
Deep Petroleum Limited
Deliman & Co Limited
G& G Oil Limited
Glee Oil Limited
Golden Petroleum Limited
Havilah Oil Ghana Limited
Hossana Oil Company Limited
Humano Energy Limited
Jas Petroleum Limited
Karela Oil And Gas Limited
Life Petroleum Company Limited
Lillygold Energy Resources Limited
Maiga & Hhm Company Limited
Mba Global Petroleum Limited
MM Energy Limited
Nuru Oil Company Limited
Nujenix Company Limited
Orient Energy Limited
Oval Energy Company Limited
P&O Energy Company Limited
Perfect Petroleum Company Limited
Petra Energy Limited
Petro Afrique Ghana Limited
Petro XP Ghana Limited
Precious Energy Ghana Limited
Q8 Oil (Gh) Company Limited
Rich Oil Company Limited
Rodo Oil Limited
Royal Roses Oil Company Limited
Safety Petroleum Limited
Santol Energy Limited
Sawiz Petroleum Company Limited
Sephem Oil Company Limited
Sky Petroleum Limited
Spirits Petroleum Limited
Titan Petroleum Limited
Union Oil Ghana Limited
Universal Oil Company Limited
Warren Oil Company Limited
Zoe Petroleum Limited
Source: https://energynewsafrica.com
