Fuel Shortage Archives - Wontumi Online

16 Jan

Bulk Oil Distributors Deny Imminent Fuel Shortage

CUD WontumiBusinessFuel Shortage

The Ghana Chamber of Bulk Oil Distributors (CBOD) has dismissed claims of an imminent fuel shortage, assuring the public of adequate fuel supplies. According to CBOD CEO Dr. Patrick Ofori, there is sufficient fuel at the port, with an additional 100,000 metric tonnes of petrol expected soon. He emphasized that Bulk Oil Distributors (BDCs) face no financial or capacity issues and urged calm. Despite these reassurances, the Chamber of Oil Marketing Companies (OMCs) has warned of a potential crisis, attributing it to the suspension of the gold-for-oil program and Sentuo Oil refinery's operational halt. OMC CEO Dr. Riverson Oppong criticized…

15 Jan

OMCs Warn Of Looming Fuel Shortages

CUD WontumiBusinessFuel Shortage

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…

14 Jan

Fuel Shortage Persists In Damongo Despite NPA’s Assurances

CUD WontumiBusinessFuel Shortage, NPA

Despite assurances from the National Petroleum Authority (NPA) to normalize fuel supplies in the Savannah Regional capital of Damongo, the product is still in short supply, compelling some motorists to buy and hoard the commodity. On Sunday night, a Joy News team monitored fuel stations and found that only two out of the five stations in Damongo had fuel (petrol and diesel). Some pump attendants at the Zen and Dukes stations confirmed they received a delivery of petrol on Sunday, January 12, 2025. However, stations like Petrosol and Nasona were still waiting for their stock, with their managers currently in…

18 Oct

IES Warns Of Fuel Shortage

wontumionlineBusinessBDCs, Fuel Shortage, Nana Amoasi VII

The Institute for Energy Security (IES) is warning of a shortage of widespread petroleum products across the country in no matter of time. According to the energy think tank, the free fall of the cedi, which is causing a scarcity of dollars and the erosion of some working capital of the Bulk Oil Distribution Companies are the reasons that will trigger the shortage. Executive Director of IES, Nana Amoasi VII said Ghanaians should be worried about this development. “There is something to be much worried about and that’s the likelihood of the shortage of the commodity on the market on…