GOIL suspends membership from AOMCs
The Ghana Oil Company (GOIL), following recent accusations that the reduction of fuel prices was due to a government directive, has suspended its membership from the Association of Oil Marketing Companies (AOMCs) with immediate effect.
Following a sit down strike by commercial drivers on 6th D2Q2Q21`ecember, 2021, government gave directives to oil marketing companies to reduce the price of petroluem products in the country by 15 pesewas.
GOIL following the directive from the presidency, reduced its prices by 15 pesewas per liter at the pumps.
But leadership of the AOMCs, wrote to the Minister of Energy, Dr. Matthew Opoku Prempeh, asking the government to stay clear of price deregulation as is being implemented by the OMCs.
This appears not to have gone down well with GOIL as the OMC in a statement dated December 8, 2021, noted its decision to reduce the price of fuel at its pumps was not in anyway influenced by the government.
Related Story: President directs GOIL to reduce fuel price by 15 pesewas starting today
In the statement signed by the Managing Director, Kwame Osei-Prempeh, GOIL said categorically that at no point did the government ‘direct’ the company to reduce its fuel prices as is being alleged and circulated.
It said GOIL is a listed company with a constituted Board of Directors and Management and takes decisions based on prudent commercial principles.
The statement stressed that the recent reduction in prices was as a result of consideration of the welfare of the ordinary Ghanaian. It said the motive was “to cushion Ghanaians in this difficult post-Covid period.”
It has therefore challenged the Association of Oil Marketing Companies [AOMC] to provide proof of its allegation of reducing its fuel price as a result of government’s directive.
Read details of GOIL’s statement below:
