The Liquefied Petroleum Gas (LPG) Marketers Association of Ghana, is warning of a possible shortage of gas on the market from next week.
This is due to the current state LPG reserves in the country and challenges with new rules announced by the National Petroleum Authority (NPA) for importing gas.
The association is also projecting prices hikes due to current developments on the international market.
Speaking to Joy Business, Vice President of the association Gabriel Kumi revealed that current stock of LPG cannot last beyond a week.
“There is a lot of shortage in the system. This 10,000mt that has come in will be exhausted by the end of the week. If measures are not taken to bring in another vessel of gas by next week, we shall be in a very serious shortage situation”, he warned. He added that the situation is looking good due to fluctuations in prices of the product on the international market.
He disclosed that the Atuabo Gas Plant is currently unable to meet the demand from the association forcing LPG marketers to rely on foreign imports.
Unfortunately, Atuabo which supplies about 45 to 50 percent of our national needs hasn’t been performing well. For the past one month, we are not getting supplies from Atuabo. We are solely depending on imports. We believe that the only way to avert the shortage is for the NPA to tell the BDCs to bring in the products as quickly as possible so that we can serve the general public”, he suggested.
Mr. Kumi pointed out that the situation can be resolved by the NPA and gas supply improve if the NPA responds to recommenddations put forward by LPG marketers.
Recent shortages of LPG
On September 26, parts of the country was hit by shortage of LPG.
The LPG Marketers Association of Ghana warned that the situation could get dire if supplies from the Bulk Oil Distributors do not improve soon.
“If this problem is not resolved today, then it means going into the weekend, we are likely to have a serious shortage issues. About 60 to 70 percent of us have run out of LPG”, Vice President of the association, Gabriel Kumi told Joy Business at the time.
He disclosed that the few stations with LPG were under pressure due to the situation.
“This is putting a lot of pressure on the 40 to 30 percent that have the product. If we don’t get the supplies from the BDCs, then by close of tomorrow Friday, September 27, the whole system will be dried up”, he cautioned again.
TOR assures of resolving the issues
At the same time, the Tema Oil Refinery assured that the challenges have been resolved.
According to TOR, the situation occurred due to initial challenges with the BDCs.
“We expect supplies to improve very soon for the situation to be normalize” a source at TOR told Joy Business.
Latest Stories
-
SSNIT engages stakeholders on its operations
1 min -
Defilement: 19-year-old farmer jailed ten years, with hard labour
3 mins -
Bawumia to inaugurate new headquarters of Lands Commission on November 25
4 mins -
Sylvester Tetteh denies demolishing GBC staff bungalow
9 mins -
Signing of peace pact by presidential candidates slated for November 28
18 mins -
Akufo-Addo reiterates commitment to free and fair elections
20 mins -
Climate change impact poses threat to Ghana’s financial stability – BoG Governor
23 mins -
Ursula Owusu-Ekuful assures of leading NPP to victory in Ablekuma West
26 mins -
Akufo-Addo urges armed forces to maintain neutrality, professionalism
33 mins -
Driver jailed 15 years for robbery
37 mins -
Election 2024: Bawumia is a timely asset for NPP and Ghana – Freddie Blay
43 mins -
Livestream: Newsfile discusses Ghana’s 2025 AFCON fiasco, Dumsor scare
51 mins -
Police invite Wontumi FM/TV presenter over publication of false news
53 mins -
Putin says Russia will use new missile again in ‘combat conditions’
3 hours -
We have rescued kidnapped Emirates Airlines Airport Services Manager – Police
4 hours