Home / BUSINESS NEWS / NPA Quells Fears Of Fuel Shortage

NPA Quells Fears Of Fuel Shortage

Spread the love

Communications Manager for the National Petroleum Authority (NPA), Mohammed Abdul-Kudus, has dismissed rumours of an imminent fuel shortage in the country.

According to him, the country has enough quantity of petroleum products in storage to sustain the demand of consumers till the next delivery of fuel happens.

His statement follows concerns from civil society organisations of an imminent fuel shortage should the cedi continue to free fall against the dollar amid a dollar scarcity in the country.


Subsidy On Residual Fuel Oil Suspended Till Further Notice – NPA



Speaking on JoyNews’ PM Express, Mohammed Abdul-Kudus said, “For now there hasn’t been any information available to me about any possible shortage of petroleum products.

“What I know and the visibility that I have mostly has to do with the available quantity of petroleum products that we have at a particular given point in time and how long it will actually be around to be able to sustain the demand that we will be having as a country.

See also  Ghanaian University Lecturer Wants Supreme Court To Declare God Created Man

“And what I’ve seen as at today, this morning, there hasn’t been any eminence of a shortage in the future. What I have is that we have enough in our stock to be able to take us before the next line of laycan is allowed to deliver fuel.”




Fuel Price Hikes, Weak Cedi Put Airline Industry Under Strain




The Institute for Energy Security (IES) has been warning of an imminent shortage of petroleum products across the country.

According to the energy think tank, the free fall of the cedi, which is causing a scarcity of dollars and the erosion of some working capital of the Bulk Oil Distribution Companies is what will trigger the shortage.

See also  How 10 BVDs Ended Up With Recycling Company - EC Explains

Executive Director of IES, Nana Amoasi VII told Joy Business on October 18, 2022, that Ghanaians should be worried about this development.


“There is something to be much worried about and that’s the likelihood of the shortage of the commodity on the market on the back of a reported shortage of dollars for the Bulk Oil Distribution Companies, the importers and the erosion of working capital of some of these importers. The price of crude oil remains high and the cedi value continues to decline”.



“We first raised these concerns in March this year and in the following month there were reports of the pocket of shortages of fuel across the country”, he explained.

Furthermore, Nana Amoasi VII warned that if the authorities fail to plan well, any incident of fuel shortage will be widespread.

“This time around, any incident of shortage may be widespread if we fail to plan against it. It is more serious”.

See also  You Have 14 Days To Arrest Captain Smart – IGP Told






Thanks for reading from MyGhanaMedia.com as a news publishing website from Ghana.



Source:  MyGhanaMedia.com


There are four types of content published on   MyGhanaMedia.com daily: curated content; syndicated content; user-generated content; and original content.




Are You Suffering From Weak Erection, Low Libido, Premature Ejaculation Or Infections? – Get M-Plus No




  Maccun Plus (MPlus) is for men and women as a natural aphrodisiac with no side effects

Just contact the number below for M PLUS HONEY.

024-377-7896 / 0561193978
















Send your news stories to myghanamedia@gmail.com and Chat with us via WhatsApp on +233 200818719



About Adwenpa-Hene

we publish on Entertainment, Sports, Politics, Lifestyle, and Technology. You can also follow Us on : YouTube Channel - My Ghana Media TV, Facebook - MyghanaMedia TV , Twitter - @MyGhanamedia2 & Instagram - My Ghana Media TV. Email Address: myghanamedia@gmail.com Contact Us: 0200818719

Check Also

Attorney General Won’t Resign; Claims Of Political Vendetta In Ato Forson Case ‘Futile’ – NPP

Spread the love The New Patriotic Party (NPP) has dismissed calls for the Attorney General …