Grapevine

LPG marketers warn of shortage of gas, increase in prices by next week

The Liquefied Petroleum Gas (LPG) Marketers Association of Ghana, is warning of a possible shortage of gas on the market from next week.

This is due to the current state LPG reserves in the country and challenges with new rules announced by the National Petroleum Authority (NPA) for importing gas.

The association is also projecting prices hikes due to current developments on the international market.

Speaking to Joy Business, Vice President of the association Gabriel Kumi revealed that current stock of LPG cannot last beyond a week.

“There is a lot of shortage in the system. This 10,000mt that has come in will be exhausted by the end of the week. If measures are not taken to bring in another vessel of gas by next week, we shall be in a very serious shortage situation”, he warned. He added that the situation is looking good due to fluctuations in prices of the product on the international market.