{"id":347186,"date":"2017-08-23T05:48:10","date_gmt":"2017-08-23T05:48:10","guid":{"rendered":"http:\/\/citifmonline.com\/?p=347186"},"modified":"2017-11-10T14:50:11","modified_gmt":"2017-11-10T14:50:11","slug":"most-expensive-fuel-prices-goil-vivo-energy-total-top-list-report","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/08\/most-expensive-fuel-prices-goil-vivo-energy-total-top-list-report\/","title":{"rendered":"Most expensive fuel prices: Goil, Vivo-Energy, Total top list \u2013 Report"},"content":{"rendered":"<p>It has emerged that between May and July 2017 some three top Oil Marketing Companies (OMCs) in Ghana namely Goil, Vivo Energy-Shell and Total sold their fuel at higher prices as compared to other OMCs in the country.<\/p>\n<p>According to a recent report released by the Chamber of Bulk Oil Distributors (CBOD), despite the increase in the fuel prices at the pump, the companies still increased \u00a0their market shares \u00a0from 43.28% in 2016 to 45.09% in 2017.<\/p>\n<p>[contextly_sidebar id=&#8221;V3ITf3BtDUZNniwQFnwffpxgUgiLUl33&#8243;]\u201cThe top three OMCs (Goil, Vivo Energy-Shell and Total) displayed the highest pump prices among the top 10 for the period under review.\u201d<\/p>\n<p>CBOD in the report ascribed the increase in market share to the \u201cquality of service\u201d exhibited at the pump of Goil, Vivo Energy-Shell and Total.<\/p>\n<p>\u201cTheir market share in 2017 increased from 43.28% to 45.09%.\u00a0 This suggest that consumer purchase decisions are increasingly being inspired by the quality of service and other factors and not just price,\u201d the statement stated.<\/p>\n<p>CBOD further observed that within the first trimester the OMCs had clear disparities in the pump prices for gasoline and gasoil but added that should the pattern continue it \u201cmay be unfavorable to the effective and efficient competition in the market in the foreseeable future since these three continue to dominate the market.\u201d<\/p>\n<p><strong>Illegal fuel imports hurting BDCs<\/strong><\/p>\n<p>In another development CBOD in the report complained that <span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/citifmonline.com\/2017\/03\/25\/ghana-loses-gh%C2%A2-490m-to-illegal-imports-bdcs\/\"><strong>illegal fuel imports<\/strong><\/a><\/span> into Ghana adversely affected the Bulk Distribution Companies (BDCs) over the period.<\/p>\n<p>The Chamber argued that such acts created <span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/citifmonline.com\/2017\/08\/19\/illegal-fuel-imports-adversely-affecting-bdcs-report\/\"><strong>unhealthy competition<\/strong><\/a><\/span> in the industry and threaten the ability of BDCs to honour their financial obligations to their suppliers and banks.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #666699;\"><strong><a style=\"color: #666699;\" href=\"http:\/\/citifmonline.com\/wp-content\/uploads\/2017\/08\/CBOD-PRICING-ANALYSIS-MAY-TO-JULY-2017-.pdf\" target=\"_blank\">Click here for the full report<\/a>:<\/strong><\/span><\/p>\n<p>&#8211;<\/p>\n<p>By: Godwin Akweiteh 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>!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');<\/script><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It has emerged that between May and July 2017 some three top Oil Marketing Companies (OMCs) in Ghana namely Goil, Vivo Energy-Shell and Total sold their fuel at higher prices as compared to other OMCs in the country. According to a recent report released by the Chamber of Bulk Oil Distributors (CBOD), despite the increase [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,11],"tags":[3,4529,10425,10426],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Most expensive fuel prices: Goil, Vivo-Energy, Total top list \u2013 Report - Citi 97.3 FM - Relevant Radio. 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