Business News of Tuesday, 20 December 2022

Source: classfmonline.com

Cylinder recirculation: Gas filling stations to become exchange points – NPA

NPA CEO, Dr Mustapha Hamid NPA CEO, Dr Mustapha Hamid

The National Petroleum Authority (NPA) has announced that by the first quarter of 2023, the Cylinder Recirculation Model (CRM) will be fully operational.

According to the NPA, it is part of the measures being put in place by the government to forestall future explosions at gas stations such as what happened at the Atomic Junction in the Greater Accra Region.

On 7 October 2017, a fire from a khebab seller resulted in a large explosion at the site of a Liquified Petroleum Gas (LPG) station located at Atomic Junction in the Madina Constituency.

The Chief Executive Officer (CEO) of the NPA, Dr Mustapha Abdul-Hamid announced the phasing out of the gas filling stations at a press soiree held in Accra.

He said going forward, gas fillings stations will become exchange points where customers will have to exchange their cylinders for a filled one from the cylinder bottling plants.

“We are encouraging investors to venture into the cylinder bottling plant establishments in the county, particularly up north,” he said.

He said already GOIL is doing one in the Kumasi metropolis of the Ashanti Region and one at Tema in the Greater Accra Region.

He added that these two bottling plants will come on stream by the first quarter of next year for the full implementation of the CRM exercise.

He expressed worry over the delay in rolling out the CRM exercise all these years.

He revealed that four other companies have renewed their licences with the NPA to start the processes for the establishment of the bottling plants.