Government Releases 30 Million Litres of Diesel to Help Address Short Fall in Supply

The Chief Executive of the Ghana Bulk Oil Distribution Company, Senyo Hosi, says liquidity challenges and loss of confidence in letters of credit from government is largely the result of temporal shortage of some petroleum products.  

He said everything is being done to soar up dollar supply and other liquidity challenges to ensure regular supply of the products on the market.  

He told Radio Ghana, the challenges will be addressed by the end of this quarter. 

Reports from the Ashanti Regional capital, indicates Kumasi has been hit by shortage of diesel. Reports say business activities in the city could come to a halt any time soon, if urgent measures are not instituted to ensure supply of the commodity.

According to our correspondent, most of the intra city commercial vehicles or 'trotro', particularly the mini Urvan buses, popularly known as TD, have parked either by the road side or fuel stations after running out of fuel, leaving a number of commuters stranded especially at the rush hour. 

The situation was serious in the morning, but our Correspondent  reports that it has worsened since motorists who had some amount of diesel in their vehicles had ran out by midday.

As at close of work yesterday, a number of fuel stations in the city had been inundated with vehicles waiting for the arrival of diesel to refill while others had been littered with gallons also in anticipation of the fuel. 

As a result, people have resorted to walking to their destinations with little hope of chancing upon a ready-to-go vehicle to hasten their journey home.

Some commercial drivers have also decided to take undue advantage of
the situation to increase their fares. 

Our Correspondent says if the situation, most workers and  traders who ply their trade in  the city centre could find it extremely difficult to commute to their places of work in the subsequent days. 

Meanwhile, government has released about thirty million litres of diesel on the market to address the short fall in supply.
 
Source: GBC