The Liquefied Petroleum Gas (LPG) Marketers Association of Ghana has welcomed the maiden Open Competitive Tender for LPG imports into the country.
According to the Association, it is of the firm conviction that this will reduce the price of the product on the market which will in turn boost the consumption level.
This comes after the National Petroleum Authority (NPA) reviewed the mode of Liquefied Petroleum Gas (LPG) importation to Ghana, by making it go through an open competitive bidding process.
Reacting to this, Vice President of LPG Marketers Association of Ghana, Gabriel Kumi, said when this policy is properly executed, it will reduce the cost of LPG.
“We as an association have consistently called on government and the NPA to ensure that the price of LPG comes down, so that the ordinary Ghanaian can use LPG. We can all benefit from the enormous benefits that come with consuming more LPG,” he said.
He added that the consumption of LPG has declined significantly over the years, hence, this new move will help increase consumption.
Meanwhile, the National Petroleum Authority says the decision to open a Competitive Tender for LPG imports into the country is also to reduce cost and ensure efficiency.
The authority added that the proposal for the open competitive tenders was approved after consultation with the Bulk Oil Distribution Companies with the majority supporting it.
The authority also indicated that the quantity being tendered per month represents about 70% of Ghana’s monthly LPG consumption with the Ghana National Gas Company supplying the remainder.