The Chamber of Oil Marketing Companies (COMAC) has refuted rumors of an impending fuel shortage in the market.
According to COMAC, there is no imminent risk. The Chamber stated that any potential risks associated with a fuel shortage have been effectively mitigated.
In a statement, COMAC noted that media reports had misrepresented comments made by its Chief Executive Officer, Dr. Riverson Oppong, regarding a possible fuel crisis.
COMAC clarified that Dr. Oppong’s remarks were intended to update stakeholders about a temporary reduction in petrol stock caused by operational factors, including the suspension of refining activities at the Sentuo Oil Refinery.
“We assure the public that there is no looming fuel shortage, as adequate supplies are currently available at the ports, with additional volumes expected to further cushion the market,” the statement read.
The Chamber also assured the public that the current petrol stock is sufficient to meet approximately three weeks of national demand.
Additionally, it highlighted that ongoing import plans are in place, with vessels actively discharging fuel and more waiting at anchorage to offload.
In this regard, COMAC emphasized that the import strategy has helped stabilize supply and eliminate any immediate risks of shortages.
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