The largest oil marketing company in Ghana, GOIL, has denied claims that its most recent 15 pesewas price cut on gasoline and diesel was in response to a government order.
The Association of Oil Marketing Companies has been challenged by GOIL to back up its claims.
Less than 24 hours had passed since commercial drivers began a sit-down strike in protest of rising fuel prices before GOIL announced its reduction.
GPRTU representatives claim they were led to believe that the government had some influence over GOIL’s reduction after their meetings with government representatives.
According to some media reports, the association alleged that the reduction was the result of a government directive and urged the government to revoke the directive, raising the possibility of government interference.
According to some media reports, the association claimed that the reduction was the result of a government directive and urged the government to revoke the directive, raising the possibility that the government was interfering in a deregulated industry.
However, GOIL referred to the claim that the government is meddling in the industry as unfounded and baseless in a press release issued on Wednesday, December 8, 2021, and signed by its Group CEO and MD, Kwame Osei-Prempeh.
The CEO outlined how GOIL, a listed company, made the choice solely and independently in response to the challenging post-COVID-19 circumstances that affected its shareholders.
In his letter, Mr. Kwame Osei-Prepeh insists that GOIL sacrificed its profit margins in order to protect the majority of Ghanaians.
Also read: We’ll procure 17 million Covid vaccine doses by end of June
According to a press release issued by Kwame Osei Prempeh, CEO and Managing Director of GOIL Company Ltd., “GOIL wants to state categorically that at no point did the government direct the company to reduce its fuel prices as being alleged.”
Additionally, the statement stated that “GOIL is a listed company with a Board of Directors and Management that are in place and that base their decisions on prudent commercial principles.”
GOIL’s pricing policy has always been influenced by the fact that the company is owned by Ghanaians, the report’s conclusion read.
Follow Clicks ‘n Likes On Facebook for more updates
