OMCs Warns of Impending Fuel Shortage
Accra, Ghana - 15 Jan, 2025 - A potential fuel shortage is looming in Ghana, with the Chamber of Oil Marketing Companies (OMCs) warning of a crisis in the coming days.
The suspension of the government's gold-for-oil programme and the operational halt of Sentuo Oil's refining activities have been cited as the primary causes of the impending shortage.
According to Dr. Riverson Oppong, CEO of the Chamber, the industry had anticipated this crisis and warned the government, but their concerns were ignored.
“When the gold-for-oil started, it peaked and when it peaked, we in the petroleum sector saw this coming. Anytime you are drawing a graph and there is a peak, there is a fall and we warned the government but it won’t listen,'' he stated.
“And when the supply was cut to an extent and when the Sentuo Oil refinery also ceased to produce, or let’s say, process, we anticipated a loss. Today, the fuel shortage we find in the market has to do with the PMS. BDC’s ceased to import because there was gold-for-oil,'' he added.
Source: Lead News Online
