The Chamber of Oil Marketing Companies (OMCs) has warned of a potential fuel shortage in the coming days.
The Chamber attributes this looming crisis to the suspension of the gold-for-oil programme and the operational halt of Sentuo Oil’s refining activities.
Speaking on the issue, Dr. Riverson Oppong, the Chief Executive Officer of the Chamber, urged the government to take swift and decisive action to avert the anticipated shortage.
“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.
“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.”
The Aircraft Accident and Incident Investigation and Prevention Bureau (AIB Ghana) has concluded that a… Read More
The investigative committee probing the August 6 military helicopter crash has revealed that the aircraft… Read More
The Manhyia Palace has announced that the final funeral rites of the late Ghanaian highlife… Read More
President of the Ghana Catholic Bishops’ Conference (GCBC), Most Rev. Matthew Kwasi Gyamfi, has warned… Read More
Deputy National Communications Director of the New Patriotic Party (NPP), Alhaji Kamal-Deen Abdulai, has strongly… Read More
The President of the Ghana Catholic Bishops’ Conference (GCBC), Most Rev. Matthew Kwasi Gyamfi, has… Read More