GOIL PLC has joined several other stakeholders in calling out the National Petroleum Authority (NPA) over what it describes as inconsistent and opaque laycan scheduling practices. The company says this incompetent handling is directly contributing to fuel supply disruptions and higher prices at the pump. Speaking at a stakeholder engagement forum, Acting CEO and Managing Director of GOIL, Edward Bawa, said the current lack of structure in the NPA's laycan schedule has left oil marketing companies struggling to plan ahead, forcing them to rely on more expensive supply options. "In Q2 alone, we've had only one laycan.
The next shipment was pushed back without any clear communication," Bawa said. "If we don't get our expected shipment, we're forced to buy from other Bulk Distribution Companies (BDCs).
They add their margins, and then we add ours to cover overheads.
By the time the fuel reaches the consumer, the price is much higher than it should be." He explained. The laycan schedule is a timeline set for petroleum product deliveries.
