
The Chamber of Oil Marketing Companies (COMAC) has revealed that the current import plan shows that vessels are actively discharging petrol, while others are at anchorage waiting to discharge.
“As such, there is no cause for alarm, and any risk of a fuel shortage has been effectively mitigated. We assure the public that there is no looming fuel shortage, as adequate supplies are currently available at the ports, with additional volumes expected to further cushion the market,” COMAC stated in a statement.
The COMAC statement signed by Dr. Riverson Oppong, COMAC Chief Executive Officer and Industry Coordinator, stated and was copied to the Communication for Development and Advocacy Consult (CDA CONSULT) in Accra on the topic “clarification on fuel stock situation and gold-for-oil policy.”
According to the statement, the Chamber remains supportive of initiatives developed to enhance efficiency, stability, and sustainability within the petroleum sector and is committed to collaborating with all relevant stakeholders to achieve these objectives.
“We express our gratitude to the public and our cherished consumers for their continued trust and support, as stakeholders work together to ensure a resilient and efficient petroleum market,” the statement noted.
Meanwhile, COMAC has clarified that its Chief Executive Officer, Dr. Riverson Oppong, did not warn of an impending fuel shortage but rather updated stakeholders on a temporary reduction in petrol stock due to operational factors, including the suspension of refining activities at Sentuo Oil Refinery.
On the Gold-for-Oil (G4O) policy, COMAC explained that Dr. Oppong’s comments were also misinterpreted in some media outlets, stressing that Dr. Oppong did not state at any point that the G4O policy is a solution to the issue of fuel shortages.
He rather advocated for a review to optimize the policy's implementation and usefulness, reflecting evolving consumption dynamics in the industry.
COMAC urges media outlets to report responsibly and avoid disseminating information that may cause unnecessary public anxiety.
The Chamber reassured the public that it remains committed to collaborating with stakeholders to ensure a resilient and efficient petroleum market.