The Chamber of Petroleum Consumers (COPEC) Ghana has disclosed that the quality of petroleum product is the number one preference for consumers in the Ghanaian market.
This is followed by the right price quotation, and then the right quantity served at the pumps.
The revelation follows the recent rise of indigenous oil marketing company, Star Oil, becoming number two in volumes sales on the market.
The company, has climbed up to beat TotalEnergies and Shell, becoming second to GOIL which sits at the top.
Star Oil’s rise has been attributed to its competitive pricing mechanism.
Speaking to Joy Business, Executive Secretary of COPEC, Duncan Amoah said despite the price differentials, consumers always look out for fuel with the best quality product.
"The number one concern as far as the consumer preference is concerned, is always about the right quality. When you move from the right quality parameter, they will now look at the right price, and the third most essential is the right quantity”, he said.
He explained that consumers prefer quality fuel to guarantee the longevity of their vehicle performance and engine.
“If you check even other OMCs whose prices as I speak with you may be lower than Star Oil and GOIL, a lot more Ghanaians would continue to shy away from some of those OMC brands because of the perception that they wouldn’t probably get the right quality and their engines may be at a certain risk”.
Mr. Amoah said Star Oil’s rise is a good development for the industry since price war will ultimately leads to the benefit of consumers.
He advised OMCs to prioritise quality to maintain good brand in the market.
Latest Stories
-
Mahama will incentivize businesses to create more jobs – Julius Debrah
24 minutes -
‘They’re transferring what we do at training into the game’ – Ogum lauds Kotoko players
29 minutes -
Former Ghana Athletics president, Prof Dodoo appointed Presidential Advisor, National Anti-Corruption Programme
53 minutes -
Raymond Asante seals permanent Sporting Charleroi move from Udinese
1 hour -
Disabled IT Assistant at UG calls for help to regain mobility after car theft
2 hours -
Trump pardons nearly 1,600 Capitol riot defendants as he signs first orders of presidency
2 hours -
Today’s front pages :Tuesday ,January 21,2025
2 hours -
Obuasi clash: Don’t use outdated tactics in controlling chaos – Security analyst
3 hours -
Profile of Deputy Chief of Staff Stanislav Xoese Dogbe
3 hours -
It is time for Ghana to focus more attention on solar energy – Owusu-Ansah
4 hours -
Media urged to prioritise, intensify reporting on child marriage
4 hours -
NDC begins vetting 165 MMDCE aspirants in Upper West Region
4 hours -
Minister-Designate Agbodza addresses temperament concerns, vows to improve
4 hours -
School for Life congratulates Minister-designate for Education Haruna Iddrisu
4 hours -
Muslim community asks Mahama to revise appointment of NLA boss
4 hours