Oil Marketing Companies are warning of dwindling sale and possible collapse of some their outlets.
This is due to what they describe as an over saturated market as a result of more firms springing up than the country needs.
These concerns was captured in statement, released by the Association of Oil Marketing Companies (AOMC) that sought to support recent call by Vice President on dealing firms that are said to evading taxes.
It noted that industry has become unduly competitive due some unwarranted pricing practices adopted by some members which is also killing the industry.
The association expressed serious concerns that “fairness and adherence to industry ethics and standards have gone to the gutters and there is the need to sanitize the operations of OMC business.”
The Association noted that recent survey carried out showed that Ghana has almost four times more the number of retail outlets per square mile compared to some other countries in Africa.
The statement signed was jointly signed by AOMC Board Chairman, Henry Akwaboah and Industry Coordinator, Kwaku Agyemang-Duah.
Source: JoyBusiness
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