The Chamber of Oil Marketing Companies (OMCs) has raised concerns about a potential fuel shortage in the coming days.
The Chamber links this looming crisis to the suspension of the gold-for-oil programme and the stoppage of refining operations at Sentuo Oil.
Dr. Riverson Oppong, the Chief Executive Officer of the Chamber, called on the government to take immediate and decisive action to prevent the expected shortage.
“When the gold-for-oil programme began, it reached a peak, and we in the petroleum sector foresaw this issue. Whenever a graph peaks, a decline follows, and we warned the government, but it didn’t heed our concerns,” Dr. Oppong explained.
He further pointed out that the reduction in supply, coupled with the halt in operations at the Sentuo Oil refinery, has led to the current shortage.
“Today, the fuel shortage we are experiencing is linked to the PMS. BDCs stopped importing because of the gold-for-oil programme,” he added.