• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 15, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

BOST Margin Increased by three Pesewas

thevaultzby thevaultz
June 1, 2020
Reading Time: 2 mins read
thevaultzby thevaultz
in Extractives/Energy, Sub Top Stories, Sub Top Stories1
0
Fuel Prices to Remain Stable for 2nd Pricing Window in May

The National Petroleum Authority (NPA) has directed Oil Marketing Companies to increase the Bulk Oil Storage and Transport (BOST) margin on petroleum products from three pesewas to six pesewas.

The new directive is expected to take effect on June 1, 2020.

The decision to increase the BOST margin was taken, following a directive from Cabinet which was communicated to the NPA.

RelatedPosts

Hon. Cletus Seidu Dapilah Sworn in as NEDCo Board Chairman

NDPC Boss Calls for Fairness and Transparency in West Africa’s Extractive Sector 

Newmont Partners Government in the Sunyani–Ntotroso–Acherensua Highway Rehabilitation

In a memo released by NPA, it said all the various petroleum products from Petrol at Kore Mines are expected to apply the new levy of 6 pesewas.

The BOST Margin levy was put in place solely to assist BOST in the maintenance of its facilities. The BOST storage and transportation national infrastructure is the largest in the country. To deliver the BOST mandate, it is forced to run at very high operational costs, unlike its competitors who will site their operations at the most profitable locations.

The Managing Director Edwin Provencal

 Edwin Provencal

ADVERTISEMENT

The Managing Director, Edwin Provencal, in earlier interviews with the media, called on all stakeholders to support the increase of the BOST Margin levy of GH¢0.03 per litre to at least GH¢0.06 to ensure efficient running of the organisation.

“Our non-performing assets stand at almost 35 per cent and adequate resources are needed to turn this situation around for the good people of this country,” he said.

“The current BOST Margin of GH¢0.03 ($0.0183) was implemented in 2011 and has not been adjusted even though the presidential commission in 2017 recommended strongly its upward adjustment to GH¢0.06. We are in 2020 and the levy is still pegged at GH¢0.03 ($0.0050), an erosion of almost 75 per cent of its value due to depreciation and inflation.

“To maintain the same dollar value in 2011, the margin has to be increased to GH¢0.12. Is it right for Ghanaians to expect optimum execution of the BOST mandate with this kind of support?” he lamented.

Tags: BOSTMargin levyNPAoil and gaspetroleum products
Please login to join discussion
Previous Post

JoyCasino Live Chat is available even to unregistered users

Next Post

Banks will withstand credit shocks – BoG

Subscription Form

Related Posts

Hon. Cletus Seidu Dapilah Sworn in as NEDCo Board Chairman
Extractives/Energy

Hon. Cletus Seidu Dapilah Sworn in as NEDCo Board Chairman

October 15, 2025
Mr. Emmanuel Kuyole, Programme Officer at the Ford Foundation
Extractives/Energy

NDPC Boss Calls for Fairness and Transparency in West Africa’s Extractive Sector 

October 15, 2025
Newmont Partners Government in the Sunyani–Ntotroso–Acherensua Highway Rehabilitation
Extractives/Energy

Newmont Partners Government in the Sunyani–Ntotroso–Acherensua Highway Rehabilitation

October 15, 2025
second meeting of the Steering Committee
Extractives/Energy

NPA Boss Urges Swift Implementation of 24-Hour Economy in Petroleum Sector 

October 14, 2025
high-level meeting between the PHDC and representatives of the consortium
Extractives/Energy

Petroleum Hub Nears Deal with Egyptian Consortium for Energy 

October 14, 2025
Cedi Stages Stunning Comeback: Rises to GH¢11.9 Per Dollar, Wipes Out Third Quarter Losses
Economy

Cedi Stages Stunning Comeback: Rises to GH¢11.40 Per Dollar, Wipes Out Third Quarter Losses

October 14, 2025
Hon. Cletus Seidu Dapilah Sworn in as NEDCo Board Chairman
Extractives/Energy

Hon. Cletus Seidu Dapilah Sworn in as NEDCo Board Chairman

by Bless Banir YarayeOctober 15, 2025
NPP Hoping Mahama Fails in Order to Win 2028 Elections
General News

Boakye Antwi Vows to Rebuild, Reignite and Unite the NPP

by Silas Kafui AssemOctober 15, 2025
Charlie Kirk’s Killing Prompts Bipartisan Outrage
USA

Six Visas Revoked Over Social Media Comments About Charlie Kirk’s Death

by Comfort AmpomaaOctober 15, 2025
Kay Codjoe
General News

Ghana Must Recover What Was Lost – Kay Codjoe Demands Decisive Action in NSS Ghost Scandal

by Evans Junior OwuOctober 15, 2025
Mr. Emmanuel Kuyole, Programme Officer at the Ford Foundation
Extractives/Energy

NDPC Boss Calls for Fairness and Transparency in West Africa’s Extractive Sector 

by Prince AgyapongOctober 15, 2025
GSE Benchmark Index Soars to 8,495 Points, Year-to-Date Gains Near 74%
Securities/Markets

GSE Benchmark Index Soars to 8,495 Points, Year-to-Date Gains Near 74%

by Stephen M.COctober 15, 2025
Hon. Cletus Seidu Dapilah Sworn in as NEDCo Board Chairman
NPP Hoping Mahama Fails in Order to Win 2028 Elections
Charlie Kirk’s Killing Prompts Bipartisan Outrage
Kay Codjoe
Mr. Emmanuel Kuyole, Programme Officer at the Ford Foundation
GSE Benchmark Index Soars to 8,495 Points, Year-to-Date Gains Near 74%

Recent News

Hon. Cletus Seidu Dapilah Sworn in as NEDCo Board Chairman

Hon. Cletus Seidu Dapilah Sworn in as NEDCo Board Chairman

October 15, 2025
NPP Hoping Mahama Fails in Order to Win 2028 Elections

Boakye Antwi Vows to Rebuild, Reignite and Unite the NPP

October 15, 2025
Charlie Kirk’s Killing Prompts Bipartisan Outrage

Six Visas Revoked Over Social Media Comments About Charlie Kirk’s Death

October 15, 2025
Kay Codjoe

Ghana Must Recover What Was Lost – Kay Codjoe Demands Decisive Action in NSS Ghost Scandal

October 15, 2025
Mr. Emmanuel Kuyole, Programme Officer at the Ford Foundation

NDPC Boss Calls for Fairness and Transparency in West Africa’s Extractive Sector 

October 15, 2025
GSE Benchmark Index Soars to 8,495 Points, Year-to-Date Gains Near 74%

GSE Benchmark Index Soars to 8,495 Points, Year-to-Date Gains Near 74%

October 15, 2025
Subscription Form
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.