ACEP, African Center Energy Policy has dismissed claims that Ghana will soon be experiencing sharp Fuel Shortage following the shutdown of the Tema Oil Refinery (TOR).

Head of Policy Unit and Energy Policy Advisor at ACEP, Dr. Ishmael Ackah, disclosed in an interview to media that TOR does not have significant grip over the market to put the country into fuel shortage if it stops it operations.

Dr. Ackah said, the bulk oil distributors who import already refined crude may take advantage of the situation at TOR and even import more petroleum products into the country.

Principal Research Analyst of Petroleum Unit at the Institute of Energy Security (IES), Mr Richard Rockson signed and released issues in Accra on Tuesday, said Ghana’s stock of gasoline and gas oil at both the Tema Oil Refinery (TOR) and the Bulk Oil Storage and Transportation Company (BOST) installations across the country was 86,000 metric ton at the close of business on Monday.”

According to the release, the stocks held in-tank at Bulk Oil Distribution Companies (BDC’s) facilities in Tema stood at 24,750 metric ton. A year ago, the combined stock of these fuel stood at 451,200 metric ton; a little above the mandatory six weeks requirement”.

He also noted that, some of the BDC’s have their own storage installations and do not patronize the service of BOST.

The post ACEP: pay no attention to fuel shortage claims appeared first on Ghana Live TV.