Ghana has over 5 weeks of fuel in reserve - NPA

The National Petroleum Authority (NPA) has assured Ghanaians that the country has enough fuel stocks to withstand potential supply disruptions arising from escalating tensions in the Middle East. Abass Tasunti, Director of Economic Regulation and Planning at the NPA, stated on JoyNews' PM Express Business Edition that ensuring the availability of petroleum products remains the regulator's highest priority. He said, "We keep saying at NPA that our topmost priority as a regulator is to ensure availability of petroleum products at all times, because trust me, if the fuel was not available in the first place, I'm not sure people would be more concerned about the price you are paying at the pump."

Mr. Tasunti provided an update on current stock levels, stating that Ghana has sufficient supplies of the two main transport fuels. He confirmed, "In terms of actual stocks, we have a little over five weeks average for both petrol and d..." The assurance comes as fears grow over the impact of possible conflict involving major oil-producing countries on global petroleum prices and supplies. It also comes days after the government announced a ¢2-per-litre cushioning for diesel following another round of petroleum price increases. Mr. Tasunti added that the authority continuously plans its supply chain to avoid shortages by balancing domestic production with imports.