GOIL Company Limited says its decision to reduce fuel prices was not influenced by an intervention from the government.
According to GOIL, the allegations by the Association of Oil Marketing Companies (AOMC), instructed them to reduce their prices are false.
A statement issued by GOIL said: “GOIL wants to state categorically that at no point did the government ‘direct’ the company to reduce its fuel prices as being alleged by circulated,” a press statement signed by the CEO and Managing Director of GOIL Company Ltd, Kwame Osei Prempeh indicated.
The statement also noted that “GOIL is a listed company with a constituted Board of Directors and Management and takes decisions based on prudent commercial principles”, adding that GOIL is guided by the fact that the company is owned by Ghanaians and that has always influenced our pricing policy.”
Read the full statement below