The Chamber of Oil Marketing Companies (COMAC) has expressed concern over potential fuel price instability in Ghana if ongoing 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 relating to 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.

In a statement signed by its Chief Executive Officer, Dr Riverson Oppong, the chamber warned that unresolved compliance issues and operational uncertainties could disrupt the supply of petroleum products nationwide, affecting transportation, industries, and households.

“If these issues persist, oil marketing companies may be forced to transfer the burden onto consumers, resulting in higher fuel prices across the country,” the statement added.

COMAC has urged the GRA to take urgent steps to resolve these discrepancies to safeguard stability in the fuel market and protect consumers.

Read COMAC's press statement below: