Goil Plc wants the National Petroleum Authority (NPA) to implement a consistent and transparent laycan schedule to ensure the timely delivery of petroleum products – an effort the company believes will help reduce fuel prices nationwide.
Goil says irregularities in the current laycan system have caused supply disruptions and led to higher prices at the pump.
“In Q2 alone, we’ve had only one laycan. The next shipment was pushed back without clear communication,” said Edward Bawa, Acting CEO and Managing Director of GOIL, during a stakeholder engagement forum.
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“If we don’t get our expected shipment, we’re forced to buy from other 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 added that these inefficiencies have made it difficult for GOIL to maintain its reputation as one of the most affordable fuel providers in the country.
“GOIL used to be the cheapest option. But because we’re denied direct access due to scheduling issues, we’re forced to rely on intermediaries, which inflates prices. And yet, we’re still required to supply key institutions like the security services,” he said.
Goil also announced plans to refurbish all 270 of its service stations across the country before the end of the year. The initiative is aimed at improving customer experience and refreshing the company’s brand presence.
“People naturally gravitate toward well-kept and attractive places. We’ve seen what others have done with their stations, and we want to match—or exceed—that,” Bawa said.
“We’re bringing back that clean, modern look Goil stations used to be known for. By December, all 270 outlets will be upgraded.”
The refurbishment is part of Goil’s broader strategy to stay competitive in a changing energy market.
Source; CNR
