TOR rules out immediate removal of refinery margin citing debt burden
The Tema Oil Refinery (TOR) has announced it will maintain its refinery margin to address significant legacy debts. Board Chairperson Nayon Bilijo stated that while the company is recovering, the margin remains essential for financial stability.
Why it matters
This decision impacts fuel pricing and reflects the broader financial challenges faced by state-owned enterprises in Ghana.
The Tema Oil Refinery (TOR) has ruled out the immediate removal of the refinery margin, citing its significant debt burden and ongoing financial recovery efforts.
The report relies on official statements from the refinery's board and provides context on the financial rationale without editorializing.
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