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OMCs Promise Fuel Price Reductions

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The Association of Oil Marketing Companies (AOMCs) has hinted that fuel prices would continue to increase in the country because the factors that affect petroleum products have not changed.

The Association said the trend around this time in the year continues to increase globally and domestically because factors such as the high dollar rate keep increasing.

The National Petroleum Authority (NPA) announced the removal of the Price Stabilization and Recovery Levies on petrol, diesel and LPG for a period of two months in a bid to stabilise the prices.

In a statement, the NPA assured of reduced prices in pursuant to President Akufo-Addo’s approval for zero Price Stabilization and Recovery Levies following the advice of the NPA to seek government’s intervention to mitigate the impact of rising prices of petroleum products on the world market on consumers.

The directive takes effect from Monday, November 1.

Reacting to the development on 3FM’s Sunrise on Monday, the Chief Executive Officer of the OMCs, Kwaku Agyeman Duah, said: “The trend around this time [means] it will continue going up.

“We are still going to have some increments because the factors that affect the increments are still there. The increasing trend will continue.”

Fuel price reduction

Mr. Agyeman Duah promised that the directives by the NPA would be adhered to because that was an order by the president even though prices remained the same as at early Monday morning.

“Prices haven’t changed as of now but it takes effect from [Mon]day. As and when we change our prices, we take into account the letter from the NPA and within a few days, we will see the change.”

He explained that “we have to change outright to reflect the direct and I am sure later in the day, you will see it happening. It will vary from one OMC to the other”.

Asked why the reductions were not done a day before November 1, Mr. Agyeman Duah explained that “once you have the old stock, you have to sell them off…now we have an old stock, why do you reduce it?”

“When we go for the new stock, you see the price will reflect. Mondays are the days we finish the old stocks so by the close of day today, you will see the reductions.”

The CEO could not tell the margin of reduction.

“I can’t say how much the price changed but it ranges from 16 pesewas on a petrol….14pesewa on diesel and 14 pesewas per kilo on LPG.”

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Parliament Rejects 2022 Budget After NPP MPs Walked Out

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Parliament has rejected the 2022 Budget Statement and Economic Policy read in the House by the Finance Minister, Ken Ofori-Atta, last week.

Members on the Majority side of Parliament staged a walkout on Friday, November 26, 2021, following a disagreement over a directive by the Speaker of Parliament, Alban Bagbin, for non-MPs to vacate the Chamber.

The Majority’s actions did not prevent the House from continuing with the business of the day as the budget received a rejection by solely NDC MPs.

The Majority MPs demanded that General Secretary of the NDC Johnson Asiedu Nketia who was seated in the public gallery leaves Parliament before they continue with the business of the House.

“Clearly, the No’s have it. The motion is accordingly lost,” the Speaker ruled.

Mr Asiedu Nketia ignored their request which infuriated the Majority MPs who walked out of the Chamber, leaving only members on the Minority side.

The Speaker of Parliament thus suspended the sitting for five minutes after which the business of the day proceeded.

A last-minute request by the Finance Minister to meet with the leadership of the House was turned down by MPs after the Speaker of Parliament announced that the ‘Nos’ had won the voice vote.

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Prempeh College Wins The 2021 National Science & Maths Quiz

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After months of intensive preparations, learning and competing with several schools Prempeh College has emerged as the winners for the 2021 edition of the National Science and Maths Quiz.

The Grand Finale of the NSMQ 2021 was held at the Great Hall of the Kwame Nkrumah University of Science and Technology-KNUST.

Prempeh College beat their rivals Presec with an interval of 4 points, having total points of 53 points and for the second position school which is Presec ending the contest with 49 points, Keta SHTS placed third with 30 points.

This is the fifth time Prempeh College has managed to win this competition.

We say CONGRATULATIONS to Prempeh College.

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Jake Paul Claims Floyd Mayweather Tried To Get Him Assassinated In Miami

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YouTube personality-turned boxer, Jake Paul claimed undefeated boxer Floyd Mayweather tried to have him assassinated earlier this year.

Paul and Mayweather were involved in a heated confrontation at a pre-fight press conference for the former world champion’s exhibition bout with his brother Logan Paul in June.

Mayweather had his hat stolen by Paul, who said “got ya hat” as he ran off, with a brawl ensuing backstage at the event afterward.

Paul then went on to mock Mayweather on social media, selling merchandise with the “got ya hat” phrase emblazoned upon it, and even got the phrase tattooed on his calf afterward.

Mayweather was incensed by Paul, with the 24-year-old now claiming that the retired boxer wanted to “kill” him due to the stunt.

Speaking on the FULL SEND podcast in September, Paul said: “He was trying to get me killed behind the scenes, for sure.

“He was calling, like, ‘the gangsters,’ because we were in Miami at the time. He was, like, calling the ‘street people,’ ’cause my security is tapped into the street people.

“They were like, ‘Yo, you guys gotta be f**king careful. He’s trying to do something.

“So, whatever the f**k that meant, or means… I was like, ‘Alright, if this is how I die, this is how I die.’”

No winner was declared when Mayweather fought his older brother in Miami in June, with the eight-round bout rounding off a card that also included Badou Jack.

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