Petrosol CEO lauds NPA boss for enforcing Petroleum downstream regulations

The Chief Executive Officer of Petrosol Ghana Ltd, Michael Bozumbil, has commended Dr. Mustapha Abdul-Hamid, the Chief Executive of the National Petroleum Authority (NPA), for the bold steps he has taken to sanitize the downstream petroleum industry by enforcing the industry regulations to a level playing field.

He has, therefore, encouraged him to continue on that path and pledged the support of the leadership of Petrosol.

Mr. Bozumbil said this when he recently led some members of the senior leadership team of Petrosol to pay a courtesy call on Dr. Abdul-Hamid at his office in Accra, Ghana’s capital.

He said the visit was to commend him for the major steps he has taken and the measures he is putting in place to sanitize the industry.

He informed Dr. Abdul-Hamid that Petrosol places a high priority on regulatory compliance and the accurate payment of taxes and levies to the state.

On regulatory compliance, Mr. Bozumbil indicated that not only does Petrosol comply with NPA’s regulations but has also gone a step further to subject its operations to international audit, leading to the company receiving triple-International Organisation for Standardisation (ISO) certifications for quality, occupational health and safety, and environment.

Regarding the payment of tax obligations, Mr. Bozumbil informed Dr. Abdul-Hamid that Petrosol dutifully pays its taxes, indicating that the Commissioner-General of the Ghana Revenue Authority recently wrote to Petrosol to congratulate them for their tax compliance.

On his part, Dr. Abdul-Hamid was full of praise for Petrosol for being a compliant company and urged them to maintain that record.

He expressed his appreciation for the visit and the show of support for the measures he and his team are putting in place to ensure a level playing field.

He said he would continue to enforce the rules fairly and hoped operators in the industry would comply.

Petrosol is a leading privately owned Ghanaian oil marketing company operating several fuel stations across the country.

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