9/ For more, read the full article by @Citi973 here 👉 citinewsroom.com/2025/07/goil...

#Ghana #FuelSupply #GOIL #Laycan #EnergyEconomics

8/ In short, while global oil prices and exchange rates are major drivers of Ghana’s fuel prices, logistics and operational inefficiencies like laycan scheduling also play a hidden role. Streamlining these can bring some relief to consumers.

7/ 🛠️ How can this risk be managed?

Improved communication between NPA, importers, and shipping agents

Using digital scheduling and tracking systems

Enforcing penalties for late scheduling changes to ensure compliance

6/ GOIL is therefore calling on the NPA to improve coordination in scheduling vessel arrivals. Better scheduling would ensure fuel imports arrive just in time, minimising additional costs and reducing pressure on prices

5/ 🚨 How does this impact retail fuel prices?

When oil marketing companies like GOIL incur extra costs from laycan delays or demurrage, they pass these costs on to consumers as higher fuel prices at the pump.

4/ GOIL says delays and congestion due to poor laycan scheduling increase operational costs for oil marketing companies. These costs include vessel waiting fees, higher port charges, and inefficiencies in fuel discharge operations.

3/ Why does this matter? ⛽️

If the laycan schedule is not well coordinated, vessels might arrive too early or too late. Early arrivals incur demurrage fees (extra charges for waiting time) and late arrivals risk stockouts, leading to fuel shortages.

2/ Laycan stands for Laydays and Cancelling dates.
It’s the agreed period when a shipping vessel must arrive at a port to load or discharge cargo. In fuel imports, it determines when tankers bring petroleum products into Ghana.

5)The technological possibilities for recycling must be limited, as the recovery of secondary metals is normally performed in consumer countries.
6)The commodity in question must be the preferred one for certain areas of application in order to restrict substitution possibilities

3)The producer countries must be strong enough economically to withstand possible trade sanctions by consumers.
4) The potential mineral resources in other countries which could become minable if prices rise cannot be extensive.

1)The mineral exporting countries must be to a large extent independent from the importing industrial countries.
2)The major portion of supply must be concentrated in a few producing countries in order to minimize the problem of outsiders, e. g. producers in non-member countries