Oil marketing companies in Ghana are facing growing difficulties. This is because fuel prices keep changing in ways that are hard to predict.
Riverson Oppong, the Chief Executive Officer of the Chamber of Oil Marketing Companies, stated this.
He explained that these unpredictable price windows put a lot of pressure on these companies. It makes it hard for them to plan and manage their businesses effectively.
The members of COMAC rely on stable pricing to operate their stations and serve customers across the country.
Frequent changes make it difficult to set prices and manage stock levels. This creates financial strain and uncertainty for businesses.