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 on GHOne TV, 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.”
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