Competition among oil marketing companies in the Republic of Ghana is becoming keener with OMCs, which, hitherto, recorded low sales in terms of volumes, are now trumping ‘big’ players.
While existing Oil Marketing Companies (OMCs) have been introducing initiatives and incentives geared towards increasing their market shares and also maintaining the top spot, others especially indigenous OMCs, have made inroads by increasing their market shares and volumes, consequently, pushing them to be among the top ten OMCs in the country.
Checks by this portal revealed that there are about 197 Oil Marketing Companies in the West African nation.
Previously, GOIL, Shell and TotalEnergies used to be the top three oil marketing companies in the West African nation, but data from the petroleum downstream regulator, National Petroleum Authority, for the first quarter of 2023 shows that Star Oil has risen to occupy the second spot after selling 40.4 million litres, 32.1 million and 36.1 million litres of petrol and diesel in January, February and March respectively this year.
Star Oil followed GOIL, which sold 75.01 million litres, 64.7 million litres and 64.2 million litres respectively while Shell occupied the third position after selling 38.9 million litres, 28.5 million litres and 35.4 million litres of petrol and diesel.
TotalEnergies placed fourth after selling 31.2 million litres, 23.2 million litres and 31.2 litres in January, February and March this year.
According to the data on the NPA’s website, in January, Benab sold 12.9 million litres of petrol and diesel, thus, placing fifth position while Frimps Oil sold 10.5 million litres to place sixth.
Zen Petroleum, one of the indigenous oil marketing companies, sold 10.3 million litres, placing seventh while Petrosol Ghana Limited, another indigenous OMC, sold 8.9 litres to placing eighth.
Dukes sold 8.64 million litres to Nineth while Allied secured the tenth position after selling 7.13 million litres of petrol and diesel.
In February, Benab sold 11.05 million litres of petrol and diesel, thus, placing fifth position while Dukes sold 8.82 million litres to place sixth.
Zen Petroleum, one of the indigenous oil marketing companies, sold 8.60 million litres, placing seventh while Frimps, another indigenous OMC, sold 8.16 litres to place eighth.
Petrosol Ghana Limited sold 7.47 million litres to place nineth while Allied secured the tenth position after selling 5.71 million litres of petrol and diesel.
In March Zen Petroleum, sold 13.10 million litres of petrol and diesel, thus, placing fifth position while Benab sold 12.9 million litres to place sixth.
Petrosol, one of the indigenous oil marketing companies, sold 9.50 million litres, placing seventh while Allied, another indigenous OMC, sold 9.47 litres to place eighth.
Frimps sold 9.2 million litres to place nineth while Dukes secured the tenth position after selling 8.99 million litres of petrol and diesel.
click on the document below to have access to the data.
Source: https://energynewsafrica.com