23/05/2024
PRA BOSS REFUTES FUEL PRICE INCREASE SPECULATION, ASSURES PUBLIC OF STABILITY
By: Ibrahim J. Conteh
In a move to address the ongoing fuel saga, Dr. Brima Baluwa Koroma, the Executive Chairman of the Petroleum Regulatory Agency (PRA), has moved to reassure the public, stating there is no need for undue concern. Speaking at the PRA office in Freetown, Chairman Baluwa announced that 15 metric tonnes of fuel are set to be offloaded over the weekends.
This announcement comes as a welcome relief amid the recent fuel shortages affecting various sectors. Chairman Baluwa emphasized that NP and Leone Oil are presently the sole oil marketers with available fuel stocks, urging the public to exercise patience as the new consignment is processed and made available in the next day or two. "We acknowledge the frustration caused by the fuel shortages," Chairman Baluwa stated, "but we anticipate a substantial delivery that will significantly alleviate the situation."
In addition to the impending 15 metric tonnes of fuel, another oil marketer, Amanita, is expected to deliver an additional 3 metric tonnes, bringing the total to 18 metric tonnes. This quantity is anticipated to sufficiently meet public demand until the next scheduled restock.
Addressing concerns regarding storage capacity, Chairman Koroma disclosed that Connex one of the Oil Marketer has constructed a 15,000 metric tonne storage facility, valued at over 7 million dollars. Though the facility is yet to be commissioned, it signifies a substantial enhancement in the country's fuel storage capabilities.
Furthermore, Dr. Baluwa urged oil marketers to adhere strictly to their licensing obligations and ensure full compliance in their service to the public. "It is imperative for all stakeholders to fulfill their responsibilities to maintain a consistent fuel supply," he stressed. He also revealed that penalties have been imposed on oil marketers found guilty of hoarding fuel, calling upon the media and civil society organizations to aid the PRA in combating fuel hoarding.
Regarding diesel availability, He reassured the public of an ample supply in the country. Responding to queries regarding potential pump price increases, the PRA Executive Chairman confirmed that there would be no immediate increase in the pump price, providing additional reassurance and dispelling rumors of an impending increase.
Addressing the recent strike action by fuel tanker operators due to increased toll gate charges, He recounted how the PRA, under his leadership and with the intervention of the Honorable Vice President, successfully resolved the issue. Negotiations with oil marketers and the management of the China Railway Seventh Group ensured uninterrupted fuel transportation.
Dr. Brima Baluwa's statements have provided much-needed clarity and reassurance regarding the current fuel situation. With substantial fuel deliveries and improved storage facilities, the public can anticipate a more stable fuel supply in the days ahead.