The National Petroleum Authority (NPA) has assured the public that Ghana has adequate stocks of petroleum products and that the country’s fuel supply situation remains stable, despite recent concerns about developments in the global energy market.
The Authority said the national fuel supply chain is functioning normally and that there is no cause for alarm.
In a statement issued on Wednesday, March 11, the NPA said a comprehensive review of national petroleum stock levels and supply arrangements had been conducted in collaboration with the Ministry of Energy and Green Transition and key industry stakeholders.
The review confirmed that sufficient quantities of Petrol (PMS), Diesel (AGO), Aviation Turbine Kerosene (ATK) and Liquefied Petroleum Gas (LPG) are available to meet both current and projected national demand.
According to the Authority, the government continues to implement proactive measures to safeguard supply reliability and maintain market stability.
These measures include continuous monitoring of national stock levels and strategic coordination with International Oil Trading Companies (IOTCs), Bulk Import, Distribution and Export Companies (BIDECs), BOST Energies and local refineries to ensure timely imports and consistent availability of petroleum products across the country.
The NPA further stated that it is strengthening strategic supply planning and price monitoring mechanisms to mitigate any potential disruptions or price volatility resulting from developments in the global petroleum market.
It urged the public to avoid panic buying, assuring that adequate stocks of fuel are available nationwide and that the Authority remains committed to ensuring reliable supply, transparent market operations and the protection of consumer interests.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Source: www.myjoyonline.com