Patrick Kwaku Ofori guarantees steady fuel supply through December

Dr. Patrick Kwaku Ofori, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), has assured the public that the country will not experience fuel shortages or queues at filling stations through December 2025. He confirmed that bulk oil distributors have secured sufficient fuel cargoes to meet the needs of both consumers and Oil Marketing Companies (OMCs) during this period. The assurance comes as a relief to motorists and businesses who have previously faced supply uncertainties.

Dr. Ofori emphasized that major fuel importers are currently prioritizing the domestic market over international exports to ensure national energy security. This strategy involves maintaining a robust internal supply chain even amidst broader economic challenges. According to the CBOD, deliveries are arriving as scheduled, which is expected to prevent the backlog and panic buying that typically result in fuel queues.

Addressing pricing concerns, the CBOD head clarified that distributors are committed to ethical business practices and are not increasing prices on existing stocks to finance future imports. He maintained that the Chamber’s members are focused on fair pricing that allows for cost recovery without exploiting consumers. This self-regulation within the CBOD is intended to maintain market stability and protect the public from arbitrary price hikes during the high-demand end-of-year period.

The Chamber’s commitment to transparency and responsible pricing is seen as a crucial pillar in maintaining a steady supply. By monitoring its members for ethical conduct and prioritizing local requirements, the CBOD aims to ensure that fuel remains available and affordable. This approach provides a measure of economic predictability for Ghanaian businesses and households as they navigate the final months of the year.