Business News of Sunday, 12 January 2025

Source: GNA

Northern Ghana will not experience fuel shortage - NPA assures

File photo of fuel pump File photo of fuel pump

The National Petroleum Authority (NPA) has assured the public that there is no cause for alarm regarding the reported pockets of petrol shortages in the northern part of the country.

A statement issued by the NPA and copied to the Ghana News Agency in Accra said that following reports of petrol shortages in the northern regions, the Technical Committee on Energy, set up by the Chief of Staff, met on January 10, 2025, to discuss modalities for resolving the issue.

The statement explained that the logistical challenges identified were being comprehensively addressed using a three-pronged approach.

The first approach involves granting Oil Marketing Companies (OMCs) a special dispensation to load petrol from the Bulk Oil Storage and Transportation Company (BOST) depot in Kumasi to supply retail outlets in the five regions of northern Ghana.

Secondly, OMCs are being granted a special dispensation to load additional petrol from depots in Tema to augment supplies from Kumasi to retail outlets in the northern regions.

Additionally, arrangements are being made in collaboration with BOST to move nine million litres of petrol from the pipeline between the Buipe and Bolgatanga depots into storage in Bolgatanga to immediately serve retail outlets in the five northern regions.

The statement added that the three-pronged solution was being implemented concurrently to address the issue promptly.

“Consequently, we encourage the consuming public to go about their normal business and avoid panic buying.

“The NPA wishes to reassure Ghanaians that there are adequate fuel stocks in the country, and vessels are lined up to discharge products into the country,” it stressed.