Audio By Carbonatix
Government has indicated that it is working to clear debts owed Bulk Oil Distributers (BDCs) - importers of petroleum products, to avoid any shortage on the market.
According to the importers, government's huge indebtedness to them has made it difficult to secure credit from banks for their imports.
This they say could result in shortage of petroleum products on the market soon.
But Deputy Energy and Petroleum Minister, Ben Dagadu, told Joy Business government has engaged the BDCs and an audit is currently ongoing to establish the exact amount to be paid to them.
He said as soon as an amount is arrived at, the debts will be cleared to avert any possible shortage of petroleum products.
The Chamber of Bulk Oil distributors put government's indebtedness to them at about Ȼ2 billion.
In a related development, the promise by the National Petroleum Authority (NPA) not to increase prices until June might be on course.
This is because the Authority has kept prices unchanged at the pumps.
Prices should have been reviewed Thursday morning as part of its adjustment every two weeks but this has not been done.
So for the next two weeks consumers should be assured they will still be paying Ȼ3.50 for a litre and Ȼ2. 97 for diesel.
Latest Stories
-
Harry says he was made ‘paranoid’ by Daily Mail publisher’s ‘unlawful’ actions
3 hours -
Trade war in no-one’s interest, says British PM in face of Trump threats
3 hours -
Greenland ‘will stay Greenland’, former Trump adviser declares
3 hours -
I do not want to reconcile with my family, says Brooklyn Peltz Beckham
3 hours -
Djokovic registers 100th Australian Open win
3 hours -
China’s birth rate hits record low as population continues to shrink
3 hours -
US believes its power matters more than international law, UN chief tells BBC
4 hours -
2028 is not a normal election – Amewu explains why NPP needs Kennedy Agyapong
4 hours -
The whole nation wants Kennedy – Amewu makes strong case for Agyapong
4 hours -
Sogakope Circuit Court jails farmer 15 years for incest, defilement
5 hours -
31-year-old illegal miner sent to prison over theftÂ
5 hours -
Court remands GPHA staff over stolen tugboat
5 hours -
Attendance at trial is a constitutional duty, not an option
5 hours -
RTI response raises questions over Bryan Acheampong’s military service claims
6 hours -
Two women granted bail over assault of 12-year-old; another remanded
6 hours
