{"id":1241327,"date":"2022-11-02T04:52:42","date_gmt":"2022-11-02T04:52:42","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/02\/npa-removes-subsidy-on-residual-fuel-oil\/"},"modified":"2022-11-02T04:52:42","modified_gmt":"2022-11-02T04:52:42","slug":"npa-removes-subsidy-on-residual-fuel-oil","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/02\/npa-removes-subsidy-on-residual-fuel-oil\/","title":{"rendered":"NPA removes subsidy on residual fuel oil"},"content":{"rendered":"<p><\/p>\n<div id=\"post-269172\">\n<div class=\"td-post-content tagdiv-type\">\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"392\"  alt=\"\" title=\"fuel\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/11\/fuel-696x392.jpg\" data- class=\"entry-thumb td-modal-image lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"392\" class=\"entry-thumb td-modal-image\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/11\/fuel-696x392.jpg\"   alt=\"\" title=\"fuel\"\/><\/noscript><\/div>\n<p><strong>The National Petroleum Authority (NPA) has announced to the general public, particularly stakeholders in the oil marketing sector, that the subsidy on residual fuel oil (RFO) has been suspended.<\/strong><\/p>\n<p>\u201cThe suspension of the policy to subsidise RFO is in line with the directive from the Ministry of Energy as an interim measure to ease the financial burden on the Price Stabilisation and Recovery Account (PSRA),\u201d a statement issued by the Chief Executive of the Authority, Dr Mustapha Abdul-Hamid, said.<\/p>\n<p>The decision took effect from Tuesday, November 1.<\/p>\n<p>\u201cThe policy directive takes into consideration the growing concern about the sustainability of the Account to meet under-recovery payment obligations for Premix Fuel and RFO.\u201d<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<footer>\n<div class=\"td-block-row td-post-next-prev\">\n<div class=\"td-block-span6 td-post-prev-post\">\n<div class=\"td-post-next-prev-content\"><span>Previous article<\/span>Ellembelle NPP youth, Evalue-Ajomoro-Gwira back Ghana Gas CEO<\/div>\n<\/div>\n<\/div>\n<\/footer>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The National Petroleum Authority (NPA) has announced to the general public, particularly stakeholders in the oil marketing sector, that the subsidy on residual fuel oil (RFO) has been suspended. \u201cThe suspension of the policy to subsidise RFO is in line with the directive from the Ministry of Energy as an interim measure to ease the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1241329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[599,1146,1077,132,28367,19053],"class_list":["post-1241327","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-fuel","tag-npa","tag-oil","tag-removes","tag-residual","tag-subsidy"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1241327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1241327"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1241327\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1241327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1241327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1241327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}