National Petroleum Authority (NPA) terminates licenses of 30 Oil Marketing Companies (OMCs) for breaking industry rules.
By the end of 2022, it is estimated that some OMCs owe the government over 400 million cedis in unpaid taxes.
The list of companies released by the NPA included OMCs whose licenses were terminated for breaking the authority’s rules and regulations on the acquisition and maintenance of their licenses.
The NPA issued a warning, stating that it would not be held responsible for any loss or harm incurred by anyone who decides to interact with the impacted OMCs in any way.
“The General Public is hereby warned that engaging with the affected OMCs is at their own risk”, it added.
Below is the list of the OMCs
NPA goes after OMCs for owing
The NPA in September 2022 went after the directors and shareholders of some 45 Oil Marketing Companies (OMC) over debts running into more than ₵400 million.
These were margins and other levies that have been collected by the OMCs since 2021, but have failed to pay the monies to the NPA.
¢68 million cedis out of the debt was coming from the Primary Distribution Margin Fund
These monies were paid by consumers at the pumps, and were supposed to be repaid to the regulator at the end of every operational month.
Proposed actions by NPA
According to the NPA, these companies have until the end of September 2022 to pay off these debts.
The authority issued a warning that if these debts were not paid, the names of the directors and shareholders of these companies would be published in the national dailies.
Additionally, it stated that it would not hesitate to take the appropriate legal action against the directors of these firms.
Source: Myjoyonline
