Oil marketing companies are pushing for an increase in the margin allocated to them from petroleum prices at the pump. The OMCs, who operate filling stations, currently get a little over 8GHp of the almost 117 GHp paid for a litre of petrol. Speaking to Joy Business Report, the Coordinator of OMCs in Ghana, Kweku Agyemang-Duah said their commission on the sale of crude is not enough to meet increasing costs of business. According to him, the OMCs borrow money from banks at interest rates of 27 to 30%, and this has been compounded by increased levy rates by MMDAs, as well as employees calling for higher salaries. “Our members have been borrowing at a rate of 27 to 30% from the bank and now it’s becoming very difficult for them to even keep up with their payments. “Apart from that, there are incidences of licence fees going up for our rent…and our employees are also demanding salary adjustment,” he complained. This comes at a time when the National Petroleum Authority (NPA) is contemplating increase petroleum prices in Ghana as a result of the revised Tema Oil Debt Recovery Levy, and an increase in world crude oil price. Source: Joy Business Report