News:
June 11, 2018
Deputy Minister of Energy has assured members of Parliament that Ghana will not experience any shortage in the supply of petroleum products, be it petrol, diesel and other petroleum products.
He made this remarks when former Deputy Minister of Energy John Jinapoh touched on the strategic oil reserve left in the country in a debate on the floor of the House.
According to Dr. Anim Adam currently Ghana has about two hundred and forty-seven million of petrol, which can last the country for five weeks (five weeks) and two hundred fifteen point two million liters of diesel which can also last the country for eight weeks.
“For liquefied petroleum gas (LPG) we have a reserved stock that can last us for one week, for aviation fuel we have stock that can last us for six weeks. It cannot be true that if there is a problem today we cannot supply petroleum products”.
He further added that strategic reserves are not to stabilize price of petroleum if that was done in 2016 it is bad economics, at that time we were in a low price era.
By: Kwaku Sakyi-Danso/ghanamps.com