The Chamber of Oil Marketing Companies (COMAC) has flagged two oil marketing firms Moari Oil and Yass Petroleum over what it describes as “unrealistic oil lifting figures” captured in its 2025 half-year performance report.
According to COMAC, irregularities were detected in the regional distribution data of the two companies, particularly in the Upper East and Upper West regions, which reportedly recorded the highest demand nationwide.
The chamber says this trend is inconsistent with historical consumption patterns and existing market dynamics.
Addressing journalists in Accra, COMAC Chief Executive Officer, Dr. Riverson Oppong, expressed concern over the figures, noting that both Moari Oil and Yass Petroleum are relatively smaller companies with limited distribution infrastructure.
“The data presented by these firms do not align with market realities. We find their reported volumes highly questionable and urge regulatory bodies to look into the matter,” Dr. Oppong stated.
Board Chairman of COMAC, Gabriel Kumi, also called for swift intervention from the National Petroleum Authority (NPA), urging it to launch a comprehensive investigation into the operations of the flagged companies.
“This issue, if left unchecked, could distort the integrity of our petroleum distribution data and create unfair market advantages,” Mr. Kumi warned.
Meanwhile, COMAC is also urging government to scrap the Upper Fuel Fund Price Margin on petroleum products, describing it as an unnecessary cost burden on consumers and industry players.
“The margin has outlived its purpose. It only adds to the pump price and worsens the cost of doing business for OMCs operating in the northern parts of the country,” Dr. Oppong added.
COMAC says it will continue to collaborate with the NPA and other regulatory agencies to promote transparency and fairness within Ghana’s petroleum downstream sector.
Source: www.kumasimail.com
