The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has mentioned that as a result of the measures instituted, the retail outlet failure rate has reduced drastically from 32% as at 2013 to 2.51% as at August, 2021.
According to him,the authority is poised to wipe out these 2.51% culprits still cheating petroleum consumers.
Dr. Abdul-Hamid was addressing stakeholders at this year’s Consumer Week Celebration which was held under the theme: “Adulterated Fuels: A Menace To The Consumer And The Economy,” in Ho of the Volta Region.
The NPA Boss said the effects go a long way to affect the health of the workforce, harms the reputation of a fuel retailer’s brand and cost government millions of Cedis in revenue each year.
He averred that, the petroleum downstream industry has always been about striking the right balance between the industry players which are petroleum service providers, and consumers.
Dr Abdul-Hamid pointed out that, in as much as the industry wants profitability, the consumer wants value for their money hence none of them must occur at the expense of the other.
He stressed however that, fuel adulteration is a global problem and in Ghana, it has been the challenge to both the industry and regulators.
He mentioned some key strategies to curb the menaces.
The Volta Regional Minister, Dr. Archibald Yao Letsa said the effects of bad fuels are many and that contaminated fuels cause engines to malfunction and come at extra cost to the consumer to restore damaged engines.
Such fuels, he said also generate toxic fumes that pollute the air and are harmful to the health of the people.
He also said that a section of the petroleum industry that indulges in adulteration cheats the consumer out of what they are paying for, harms the reputation of a fuel retailer’s brand and cost government millions of cedis in revenue each year.
Dr. Archibald Letsa also commended NPA for creating a platform to exchange views and educate the petroleum consumer on petroleum products usage and charge all stakeholders to work and support the NPA.
Source|osimpamfm.com|Richard Owusu Tawiah