Govt Exploring Necessary Measures For Fuel Security- Energy Ministry
The Ministry of Energy has given assurances for a sustainable fuel supply to consumers amid the tensions in the Middle East.
Accordingly, it said all necessary measures are being explored to mitigate undue hardship on consumers.
“The Ministry will continue to monitor developments closely and provide timely updates as the situation evolves,” it said in a statement issued on Wednesday.
It followed a high-level meeting with key stakeholders across Ghana’s petroleum upstream and downstream sectors to assess the potential impact of the ongoing crisis in the Middle East on the country’s fuel security.
Discussions focused on heightened global oil market volatility, potential supply chain disruptions, freight cost fluctuations, and the possible implications for domestic pricing and consumer welfare.
The Energy Minister, John Jinapor, underscored the need to be proactive to safeguard Ghana’s energy supply reliability as he emphasised that contingency measures are being reviewed and strengthened to minimise any potential adverse effects on the country arising from the current geopolitical tensions.
He further urged the National Petroleum Authority, as the downstream sector regulator, to intensify its market surveillance and continue close coordination with industry stakeholders to ensure that anticipated supply disruptions are mitigated swiftly and effectively.
The Ministry charged all sector agencies to maintain adequate strategic fuel stocks, enhance monitoring of international developments, and ensure stable nationwide distribution.
Story by Hajara Fuseini
Click to read more: https://opemsuo.com/author/hajara-fuseini/
