Sunday, 22 February

NPA dismisses LPG shortage claims, assures public of adequate supply

Business
Cylinder handling

The National Petroleum Authority (NPA) has urged the public to disregard media reports suggesting an imminent shortage of Liquefied Petroleum Gas (LPG), assuring consumers that current stock levels are sufficient to meet national demand.

In a press statement dated February 20, 2026, the Authority said it had taken note of publications referencing comments by the Chief Executive of the Chamber of Oil Marketing Companies, Riverson Oppong, who reportedly advised consumers to refill their cylinders in anticipation of a possible shortage.

The NPA, however, maintained that there is no justification for panic buying.

According to the Authority, Ghana currently holds more than a month’s supply of LPG, with local refinery production operating at peak levels.

It further disclosed that, in line with the national import plan, an additional LPG cargo is expected within the next two weeks to reinforce existing stocks and ensure market stability.

“Consumers are hereby advised to desist from panic buying and rest assured that there is no impending shortage of LPG in Ghana,” the statement emphasised.

Meanwhile, the Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distributors (CBOD) have raised concerns over the management of the LPG Fund.

In a joint statement dated February 18, 2026, the two industry bodies called for the immediate suspension of all disbursements from the LPG Fund to the Ghana Cylinder Manufacturing Company (GCMC).

They argued that continued allocations to GCMC amount to an unlawful diversion of resources and breach the statutory mandate governing the fund, warning that such actions could undermine investor confidence in Ghana’s downstream petroleum sector.

COMAC and CBOD have demanded the reversal of any funds already allocated to GCMC and called on the government to publicly reaffirm the original purpose of the LPG Fund.

 

They are also advocating for enhanced transparency measures, including regular public reporting and independent audits of fund utilisation.

The two chambers signalled their readiness to pursue policy and legal action to safeguard what they describe as the integrity of the LPG Fund framework.

Source: Classfmonline.com/Cecil Mensah