COMAC says the concerns of its members remain unresolved
The Chamber of Oil Marketing Companies (COMAC) has raised concerns about potential instability in fuel prices if persistent challenges within the downstream petroleum sector are not addressed by the Ghana Revenue Authority (GRA).
According to the chamber, discrepancies in the GRA’s system, particularly regarding due dates for tax remittances on petroleum liftings continue to create uncertainty for industry players.
Despite repeated appeals for intervention, COMAC says the concerns of its members remain unresolved.
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In a statement signed by its Chief Executive Officer, Dr Riverson Oppong, the chamber said: “Unresolved compliance issues and operational uncertainties may lead to interruptions in the supply of petroleum products across the country, affecting transportation, industries, and households.”
He stated that if these issues persist, oil marketing companies may have no choice but to transfer the burden onto consumers, resulting in higher fuel prices nationwide.
Read COMAC's press statement below:
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