The National Petroleum Authority (NPA) has imposed sanctions on seven Petroleum Products Marketing Companies (PPMCs) for engaging in the illicit distribution of petroleum products.These companies are now required to pay fines for multiple violations, including contravention of Unified Petroleum Pricing Fund (UPPF) regulations, providing false UPPF information to the Authority, and partaking in third-party supplies.

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Failure to settle the fines will result in a three-month suspension of their operations.Specifically, Andev Co. Ltd is liable for a total fine of GHS90,000.00, comprised of GHS10,000.00 for UPPF regulation breaches and GHS10,000.00 for each of eight counts of making false UPPF representations to the Authority.Beap Energy is obligated to pay a total fine of GHS20,000.00, including GHS10,000.00 for UPPF regulation violations and GHS5,000.

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00 for each of two counts of third-party supplies.BF Petroleum will be required to pay a total fine of GHS95,000.00, encompassing GHS10,000.00 for breaching UPPF regulations, GHS5,000.00 for each of ten counts of third-party supplies, and GHS5,000.00 for each of seven counts of lifting petroleum products without cross-zonal authorization.Anasset Co. Ltd is subject to a total fine of GHS50,000.00, composed of GHS10,000.

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00 for contravening UPPF regulations and GHS10,000.00 for each of four counts of providing false UPPF information to the Authority.Cost Energy must pay a total fine of GHS665,000.00, which includes GHS10,000.00 for engaging in third-party supplies and GHS5,000.00 for each of the one hundred and thirty-one counts of third-party supplies.Compass Oleum Ltd is to settle a total fine of GHS350,000.00, covering GHS10,000.

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00 for UPPF regulation violations, GHS5,000.00 for each of the fifteen counts of lifting petroleum products without cross-zonal authorization, and GHS5,000.00 for each of the fifty-three counts of engaging in third-party supplies.Concord Oil Ltd is obligated to pay a total fine of GHS65,000.00, consisting of GHS10,000.00 for contravening UPPF regulations, GHS5,000.00 for each of four counts of engaging in third-party supplies, and GHS5,000.

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00 for each of seven counts of lifting petroleum products without cross-zonal authorization.The NPA has issued a warning that any company failing to adhere to the rules and regulations established by the Authority will be subject to additional penalties.The UPPF is instrumental in maintaining uniform prices for petroleum products throughout the country.

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