GOIL, a well-known oil marketing business, is being urged by the Chamber of Petroleum Consumers (COPEC) to address its supply concerns because some customers have been left stranded at their locations around the nation.
According to Citi Business News, this situation has persisted for several days, and several stations in the country’s north have “No fuel” signs posted on their property.
The COPEC Executive Secretary, Duncan Amoah, voiced his concern about the circumstance in an interview with Citi Business News.
“You don’t get the fuel at all for some of the outlets that I have examined, both petrol and diesel.”
The difficulty, according to inspections conducted by Mr. Amoah’s organisation, is caused by “Goil itself not being able to get adequate stock of the precise product that they place at their forecourt,” he added. Other BDCs have inventory, so it’s not like there isn’t enough in the nation.
- CPA has threatened to enjoin PURC from raising utility rates in the future.
- Fuel prices are expected to rise after OPEC+ announces unexpected cuts.
He yet held out hope that the Oil Marketing Company would quickly address the issue.
Similar reports of some petrol stations running out of supply surfaced in May of last year.
This followed the Institute for Energy Security’s prediction a few weeks prior of fuel shortages in the country.
Some social media users had also complained about their inability to get fuel at various oil marketing companies, particularly Goil.
The National Petroleum Authority (NPA) however responded indicating that the country had adequate supplies for at least three weeks; however, more supply of fuel was expected in the country subsequently.
