The National Petroleum Authority (NPA) has insisted that the country has adequate stocks of petroleum products to meet demand, dispelling reports, speculation, and public commentary regarding the potential impact of developments in the global energy market on fuel supply and pricing in Ghana.
These include Petrol (PMS), Diesel (AGO), Aviation Turbine Kerosene (ATK), and Liquefied Petroleum Gas (LPG).
In a statement, it affirmed that the national fuel supply situation remains stable and firmly under control.
The Authority stated the government, through the Ministry of Energy and Green Transition and the NPA, is implementing proactive measures to safeguard supply reliability and maintain market stability.
These measures include continuous monitoring of national stock levels, strategic coordination with International Oil Trading Companies (IOTs), Bulk Import, Distribution and Export Companies (BIDECs), BOST Energies, and local refineries to ensure timely imports and consistent product availability across the country.
In addition, it said it is strengthening strategic supply planning and price monitoring mechanisms to mitigate any potential supply disruptions or price volatility arising from developments in the global petroleum market.
“The NPA therefore wishes to reassure the public that there is no cause for alarm or panic buying, as the petroleum supply chain continues to function normally and adequate stocks are available nationwide,” it emphasised.
It added, “The Authority remains committed to ensuring reliable fuel supply, transparent market operations, and the protection of consumer interests, and will continue to keep the public informed of any significant developments.”
Story by Hajara Fuseini
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Source:
opemsuo.com