Chamber of Oil Marketing Companies Urges Suspension of Customs Section 136

The Chamber of Oil Marketing Companies has officially called for Section 136 of the Customs Act to be paused, arguing it would help stabilize fuel costs. They say the current rule raises import expenses by setting tariffs based on Coke and FOB prices. Without relief, pump prices might climb again. However, investors could be wary of a sudden supply dip if terminals shut down. The group also pointed to past closures that hurt marketers, stressing that lifting Section 136 would keep trading smooth. They argue the measure is meant to be temporary, like a cure for a recurring problem. If reconsidered, it could mean more stable pricing at the pumps. Still, the final say rests with the government, not industry groups.

The proposal comes at a time when Ghanaians are feeling the squeeze from higher fuel costs. Fuel prices have risen steadily over the last few months, affecting transport fares and food prices. Many households are watching their budgets more closely, with little room for extra spending. Any move that could push prices up again would likely draw strong reactions from both consumers and traders. The Chamber says the suspension would prevent sudden price swings and keep markets calm and full of activity.

Petroleum sector players often meet secretly to plan next moves, but this time the push is public and official. They say Section 136 leads to higher charges that get passed down to buyers, making products more expensive. While petroleum importers benefit from the current setup during quiet periods, the Chamber insists it creates unfair advantages. Their stance is that fair, open competition is better for everyone. They want the government to review how such rules affect price jumps and market behavior. This debate is expected to continue in policy meetings ahead.

The government has not confirmed any plans to suspend Section 136 yet. It continues to monitor fuel pricing trends and may hold further discussions with industry leaders. If the Chamber’s call gains traction, it could lead to changes in how fuel is priced in the coming weeks. Until then, terminal operators say they will keep working steadily in the ports. Fuel prices may shift slowly, depending on global markets and local decisions.

At this stage, there is no confirmed date or venue for any event tied to this issue. Market reactions and fuel price updates will unfold in the days ahead. Stakeholders say transparency and dialogue are key to avoiding disruptions.