Among the many factors that impact the operations and efficiency of Petroleum Service Providers (PSPs) in the Downstream Petroleum Sector of Ghana is inadequate infrastructure. Infrastructure is the backbone of the petroleum sector, especially given the sensitive nature of petroleum products. Although emphasis has always been given to the impact of international price volatilities of Crude oil and the Cedi/US$ exchange rates as the main causes of the constant hikes in prices of fuel at the pumps, little is known...

The Chief Executive Officer of CBOD, Dr. Ofori, has reassured Ghanaians that the country’s fuel supply is stable, with no risk of shortages in the near term. Speaking during an interview on TV3’s Business Focus, Dr. Ofori emphasised that, based on scheduled deliveries and current stock levels, there is no threat to the consistent availability of petroleum products across the country. “Based on expected deliveries and confirmed Laycan schedules, there is no threat to product availability. The public can rest...

The Chamber has stated that fuel prices at the pump could have dropped significantly if inefficiencies in Ghana’s petroleum delivery system, particularly the management of Laycan schedules, were addressed. Speaking on TV3’s Business Focus, Dr. Ofori highlighted that the Ghanaian cedi has remained relatively stable and international fuel prices have not experienced major surges. Yet, domestic pump prices remain higher than necessary due to inefficiencies in the management of the petroleum supply chain, particularly the Laycan scheduling system, denying consumers...