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
-
Trump confirms meeting with Anthropic’s Amodei, repeats dismissal of AI fears
26 minutes -
China pushes back against US on Iran and Cuba in UN speech
35 minutes -
OpenAI, Anthropic CEOs called to appear at Australian AI probe
56 minutes -
T-bills auction: Government exceeds target marginally; yield on 91-day bill remains unchanged
4 hours -
GPL 2026/27: 10-man Aduana hand Kotoko defeat in Kumasi
4 hours -
GPL 2026/27: Medeama ease past Basake Holy Stars
5 hours -
Appiah Adomako writes: Why DVLA must stop treating every expired licence holder as delinquent
5 hours -
Tuchel rues ‘big mistakes’ – did Manchester City charges have impact?
5 hours -
Localization must transfer decision-making power, not just project responsibilities
5 hours -
Modernising Ghana’s traditional markets through the 24-Hour Economy markets initiative
5 hours -
New economy will boost local production and create jobs – Finance Minister
5 hours -
Manchester City chairman confident club will prove innocence
5 hours -
Republic of Ireland ‘raised awareness worldwide’ in Israel game
5 hours -
Germany still winless under Klopp after loss to Greece
5 hours -
Ronaldo on bench as Portugal beat Norway
5 hours