News
End Dirty Fuel Imports, Ghana Tells Nigeria
The Ghanaian Government has advised Nigeria to bring the importation of dirty fuels to an end and deregulate the price of Premium Motor Spirit (petrol).
Ghana’s Deputy Minister of Energy, Dr. Mohammed Adam, said in Lagos at the 11th Oil Trading and Logistics Expo, yesterday that the most topical issue being discussed at all levels on the African downstream petroleum industry was the transition to low sulphur fuel.
Nigeria, Benin, Togo, Ghana and Cote d’Ivoire agreed on December 1, 2016, to ban the importation of Europe’s dirty fuels, limiting sulphur in fuels from 3,000 parts per million to 50ppm.
The Federal Government later said the enforcement of the ban in Nigeria would begin from July 1, 2017.
However, it was learnt the implementation has yet to come into effect almost four months after.
“This drive to move from ‘dirty fuels’ to ‘cleaner fuels’ has resulted in most countries opting to tighten the specifications for gasoline (petrol) and gasoil (diesel),” Adam said.
He said the clarion call for African countries to move to cleaner fuels presented an opportunity for investment in domestic refineries to meet national specifications, allowing the downstream to be supportive of the development goals of African economies.
Adam said, “Nigeria, for example, has deregulated the pricing of gasoil (diesel) while steps are far advanced for gasoline prices to be deregulated. Ghana has, largely, fully deregulated the industry with the exception of residual fuel oil and premix fuel, which are still being regulated by government. Elsewhere, Kenya and South Africa have deregulated their pricing regimes which have catapulted the industry to that of a market-driven one.
“I wish to call on the Nigerian government to make efforts at reaching full price deregulation given that it is the largest market for products; and any failure on its part can distort the sub-regional market we all envisage.”
News
HoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
News
Allegation of Disrespect to President Tinubu Unfounded — Rivers Government
News
Rivers Government Dismisses Allegations of Disrespect to President Tinubu
-
Politics11 hours agoPFN Rejects Call For INEC Chairman’s Removal Over Genocide Comments
-
Business12 hours agoNCDMB, Jake Riley Empower 250 Youths On Vocational Skills
-
Sports11 hours agoEnekwechi wins Orlen Cup in season opener
-
Rivers11 hours agoFasthire, PHCCIMA, CIPM Host CareerFest 2026 In PH
-
Oil & Energy13 hours agoNNPCL Unveils Gas Master Plan 2026 …….Targets 10bcf/day production
-
Oil & Energy12 hours agoElectricity Boost: Abia Launches Waste-To-Energy Project
-
Niger Delta11 hours agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Environment12 hours agoNigeria, UAE to waive tariffs on some products
