
Audio By Carbonatix
Players in Ghana’s downstream petroleum industry are increasingly eyeing the Ashanti region to maximize profits in oil marketing.The number of fuel service stations has risen sharply in recent times as investors and oil marketing companies get attracted to sell high volumes on the local market.Petroleum retail firm, Modex Oil Company has opened its biggest service station in Kumasi, bringing the company’s network of fuel stations in the country to 27.General Manager in-charge of Operations, Stephen Ansah Adu, says the company is taking advantage of the newly constructed Asokwa by-pass to attract patronage on the stretch of road.According to him, the high volumes of transport activities in mining, timber and agricultural sectors make Ashanti an attractive market for fuel retailing.“You realize that more diesel is being consumed in the Ashanti region than elsewhere is the country, so we’re only trying to strategize in such a way we will increase our volume and market share in the industry”, he told Luv Biz Report.Mr. Ansah Adu noted that five years after venturing the oil industry, Modex is positioned to offer the best of services to motorists.The oil marketing company plans to be present in all regions of the country within the next two years.
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
-
GoldBod introduces measures to enhance accountability in ASM gold sector
34 seconds -
GoldBod engages licensed traders to promote transparency in gold trade
4 minutes -
Musician KooKusi’s ‘This Ability EP’ accepted into prestigious European mental health arts catalogue
10 minutes -
Falling gold prices raise concerns over Ghana’s economic outlook
11 minutes -
CUTS calls on government to increase allocation to Road Fund in 2026 Mid-Year Budget
19 minutes -
Daboya–Mankarigu residents urge Roads Minister to intervene in delayed road project
25 minutes -
Police summon Kwadwo Safo Akofena over shooting incident involving former Dome-Kwabenya MP
32 minutes -
Firearm cannot be displayed without IGP’s approval – Security expert
34 minutes -
Private security firms cannot legally arm guards for self-protection – Dr Adam Bonaa
36 minutes -
The Million dollar bank in every university
48 minutes -
Ghana highlights disability inclusion progress at UN Conference in New York
55 minutes -
Ghana calls for stronger global support for disability inclusion at UN conference
1 hour -
Gender Ministry begins community dialogue on social protection in Northern Region
1 hour -
Ghana seeks greater investment and renewable energy support through SEforALL partnership
1 hour -
Ghana deepens energy partnership with SEforALL to advance energy access, sustainable development
1 hour