Oil And Gas NPA downplays fuel shortage fears

The Institute for Energy Security (IES) had earlier announced that there might be fuel shortage in the country in the coming weeks.

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The National Petroleum Authority (NPA) has asked Ghanaians to ignore claims of a possible fuel shortage in the coming weeks.

A statement from the NPA issued on Wednesday February 15 said: “there is sufficient supply of fuel in the country to meet domestic demand contrary to some speculations in sections of the media.”

READ ALSO:

Ghana to experience fuel shortage - IES 

The Institute for Energy Security (IES) had earlier announced that there might be fuel shortage in the country in the coming weeks.

Richmond Rockson, Principal Research Analyst at the Petroleum Unit of IES, has blamed this on “the unanticipated shut-down of the Tema Oil Refinery (TOR) and port congestion facing the oil companies, which is compelling them to postpone their import and export programmes amid acute discharge and loading constraints.”

READ ALSO:

Ghana's fuel security may be threatened - IES 

A statement from IESS indicated that as a result, stocks of the two main petroleum products consumed in the country “have fallen short of the mandatory strategic level of six weeks, at a time when economic activities have picked up across the country after the general election and Christmas festivities”.

However, the NPA has insisted that “There are no challenges at the discharging terminals at the country’s ports and ensures that there is fairness in the process leading up to the discharge of cargos of all importers.”

Below is the full statement from the NPA:

NO FUEL SHORTAGE

The National Petroleum Authority (NPA) wishes to assure the general public that there is sufficient supply of fuel in the country to meet domestic demand contrary to some speculations in sections of the media.

The current stock position in the country indicates there is over 200 million litres of gasoil and more than 100 million litres of petrol at various depots throughout the country.

These stocks are expected to last up to 6weeks. Additionally, over 73 million litres of gasoil and 46 million litres of petrol are expected to be delivered into the country from the 13th to 18th February 2017.

The NPA continuously monitors the weekly schedule of fuel imports to ensure that there is constant supply of fuel for the country.

The Authority wishes to assure the general public that there are no challenges at the discharging terminals at the country’s ports and ensures that there is fairness in the process leading up to the discharge of cargoes of all importers.

We therefore encourage the media and the general public to disregard any projections being put out in the public domain as merely speculative without any empirical basis. We further encourage all such interested organizations to crosscheck their information with the NPA before making public statements about this matter.

The NPA wishes to assure all motorists and consumers that there is no imminent shortage of fuel in the country.

SIGNED

Yaro Kasambata
Manager, Public Relations & Consumer Service
National Petroleum Authority

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