The CEO of the Association of Oil Marketing Companies, Mr Kwaku Agyemang-Duah has charged petroleum service providers to adhere to standard procedures and methods pertaining to loading, transportation and sales of semi- finished or finished petroleum products.
He indicated that the exercise was important so as to avoid financial losses and improve the quality of work in the petroleum sector.
Speaking at the official launch of a manual designed by the National Petroleum Authority (NPA) to curb the frequent losses of oil associated with petroleum products, he said that the manual will also prevent “short change of petroleum products during the loading, transportation and sales at the stations and outlets.”
The Minister of Energy, Mr John-Peter Amewu, in a speech read on his behalf by the Acting Director of Downstream Petroleum, Mr Aliu Nuhu Abaka said even though the problem of oil loss can be attributed to both human and non-human factors, it has become “more prominent in recent times, particularly after the introduction of the deregulation policy.”
This, he said, subsequently it led to inaccurate calculation of taxes, margins, fees and transit losses.
According to the sector minister, the Ministry was willing to support the coming into being of the manual to ensure accuracy in petroleum figures.