Fuel businesses in Ghana are finding it hard to manage their operations. This is because the prices of fuel keep changing unexpectedly.
Riverson Oppong, who leads the Chamber of Oil Marketing Companies COMAC, stated this is causing problems.
He explained that the unpredictability makes it difficult for companies to plan and sell fuel effectively.
This situation puts a lot of stress on the finances of these oil marketing companies.
The problem is related to the way fuel prices are set and changed frequently.
COMAC is highlighting this issue to draw attention to the challenges faced by its members.
The unstable pricing window directly affects the profitability and stability of the fuel retail sector.
This affects not just the companies but also potentially the consumers they serve.