
Audio By Carbonatix
Oil Marketing Companies (OMCs) have indicated they will push for further increases in their margins despite the marginal increase last week.The National Petroleum Authority last Friday reviewed the margins enjoyed by OMCs on petroleum products.About 60 percent of these products on the market are brought in and sold by these companies because of some difficulties TOR is currently facing.Coordinator of OMCs, Kweku Agyeman Duah has told JOYBUSINESS though they welcome the increase, they will still push for further adjustments in order to stay in business.The Oil marketing companies currently enjoy about seven percent on every liter of fuel sold at the pumps. They have indicated they risk getting out of business because their margins are not adequate to cover their cost and investments.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Black Stars coach to be announced by next week – Sports Minister
18 seconds -
Chiefs, queen mothers and principal elders of Odau group denounce ‘rebellious Etweresohene’, pledges allegiance to Okyenhene
7 minutes -
KNUST library dress code sparks online backlash over strict rules
16 minutes -
Cultural Diplomacy in Action: Ghanaian youth leaders present symbolic smock to U.S. Chargé d’Affaires
17 minutes -
Ghana Card payment activation under review – NIA breaks silence on financial integration
41 minutes -
Ofori-Atta’s ICE release on bail positive; he poses no risk – Amanda Clinton
43 minutes -
Ken Ofori-Atta’s passport seized after bail, set to reappear in US Court on April 27
46 minutes -
Stuck contraceptives risk HIV surge – Ghana HIV/AIDS Network President warns
47 minutes -
Edmond Boateng elected Secretary of Honorary Consular Corps of Ghana
1 hour -
Omanhene Kwabena Asante slams GIADEC CEO over alleged discrimination in mining concessions
2 hours -
Majority of Ghanaian importers lack awareness of cargo insurance – Gyampo
2 hours -
GJA Ashanti applauds Asantehene for securing land for new press centre
2 hours -
CIMAF Ghana donates cement to Afua Kobi SHS
2 hours -
Ghana to benefit from France’s National health platform following Paris talks
2 hours -
Due process must prevail in Ofori-Atta’s immigration and extradition cases – Lawyer
2 hours