{"id":180458,"date":"2016-01-09T14:30:31","date_gmt":"2016-01-09T14:30:31","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=180458"},"modified":"2016-01-09T14:30:31","modified_gmt":"2016-01-09T14:30:31","slug":"fuel-price-hikes-affecting-us-too-omcs-lament","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=180458","title":{"rendered":"Fuel price hikes affecting us too \u2013 OMCs lament"},"content":{"rendered":"<p style=\"text-align: justify;\">Oil Marketing Companies (OMCs) say the increase in prices of petroleum products is affecting their business operations.<\/p>\n<p style=\"text-align: justify;\">According to them, the situation has led to a decline in sales.<\/p>\n<p style=\"text-align: justify;\">[contextly_sidebar id=&#8221;rrpfaWXkPs4VKMy9Itj15SCPOLQ7FbRt&#8221;]Prices of petroleum products have gone up by about 27 percent effective January 1 this year.<\/p>\n<p style=\"text-align: justify;\">Speaking on <strong>Citi FM&#8217;s<\/strong>\u00a0News analysis programme on Saturday, <strong><em>The Big Issue<\/em><\/strong>, the Industrial Coordinator of the Oil Marketing Companies, Kwaku Agyemang Duah said though the OMCs have increased their prices, they are equally bearing the impact of the decision.<\/p>\n<p style=\"text-align: justify;\">Mr. Agyemang Duah explained that such trends occur because \u201csupply is also weakened\u201d so consumers get along \u201cabout two or three weeks when it becomes relevant for them and they realize that we have to live with it.\u201d<\/p>\n<p style=\"text-align: justify;\">He also lamented challenges they are having in distributing LPG across the nation.<\/p>\n<p style=\"text-align: justify;\">\u201c\u2026We have some issue with our LPG people for instance, this is the first time they are going to pay for the levy\u2026so in that area we are trying to work out,\u201d he added.<\/p>\n<p style=\"text-align: justify;\">&#8211;<\/p>\n<p style=\"text-align: justify;\">By: Godwin A. Allotey\/citifmonline.com\/Ghana<br \/>\n<a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/AlloteyGodwin\" data-show-count=\"false\">Follow @AlloteyGodwin<\/a><br \/>\n<script>\/\/ <![CDATA[\n!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=\/^http:\/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+':\/\/platform.twitter.com\/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Marketing Companies (OMCs) say the increase in prices of petroleum products is affecting their business operations. According to them, the situation has led to a decline in sales. [contextly_sidebar id=&#8221;rrpfaWXkPs4VKMy9Itj15SCPOLQ7FbRt&#8221;]Prices of petroleum products have gone up by about 27 percent effective January 1 this year. Speaking on Citi FM&#8217;s\u00a0News analysis programme on Saturday, The [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[32,170,10,11],"tags":[],"class_list":["post-180458","post","type-post","status-publish","format-standard","hentry","category-business","category-oil-and-gas","category-slider-1","category-top-stories"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/180458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=180458"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/180458\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=180458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=180458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=180458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}