Energy Ministry dismisses COMAC CEO's claims on fuel relief

Richmond Rockson, Communications Spokesperson for the Ministry of Energy and Green Transition, strongly rejected claims that recent fuel price reductions are being driven solely by industry players rather than government intervention, speaking on Adom FM's Dwaso Nsem. Mr. Rockson described such assertions as "misleading and inaccurate." He stated that "The claim that the relief comes solely from industry players and not government is simply incorrect and false."

Mr. Rockson acknowledged stakeholder engagement with the National Petroleum Authority (NPA), the Chamber of Oil Marketing Companies (COMAC), among others. He explained that the reliefs represent revenues being sacrificed by government. His comments follow claims by Dr Riverson Oppong, Chief Executive Officer of COMAC, that recent reductions at the pumps-GH¢0.36 on petrol and GH¢2 on diesel-were the result of operational adjustments within the downstream petroleum sector, not government action. Mr. Rockson said the government is deliberately forgoing revenues it is entitled to within the downstream petroleum sector in order to ease the burden on consumers, and that "It is misleading to suggest that the burden is being borne by the industry or the private sector. The reality is that the government is absorbing this cost in the public interest."

The exchange highlights growing debate within the energy sector over the true drivers of recent fuel price adjustments, as consumers continue to monitor changes at the pumps.