Some 19 Oil Marketing Companies (OMCs) in the Republic of Ghana have been suspended pending revocation of their operational licence by 31st December 2021, National Petroleum Authority (NPA) has revealed.

The petroleum downstream regulator has vowed to crack the whip to ensure that only OMCs which have the capacity and meet the required seven service stations are the ones operating in the country.

Ghana has about 229 registered Oil Marketing Companies with over 2900 fuel retail outlets across the country.

This figure is seen by some industry watchers as huge considering the country’s population and land size.

Speaking to a section of the Ghanaian media last Wednesday, Chief Executive Officer of NPA, Dr Mustapha Abdul-Hamid said his outfit would not tolerate OMCs that are holding licences but are not doing anything.

Touching briefly on the letters issued to the 19 OMCs, Dr Abdul-Hamid said he asked them to demonstrate the capacity to hold their licence by 31 December 2021.

He said the Authority would revoke the licence if they failed to demonstrate the capacity to hold the licence.

Since 2018, NPA has revoked the licence of nine Bulk Distribution Companies (BDC), one OMC licence, one bunkering company licence, one lube blending company licence and one tank cleaning licence.

Source: https://energynewsafrica.com