Following TAZAMA Pipelines award of a supply contract of low sulphur Gas oil to Agrofuel and other OMCs at a reduced price of US$54.12, the Oil Marketing Companies Association (OMCAZ) has asserted that this is likely to trickle to a drastic reduction in pump prices. This development strings from the Open Access Policy, initially Agro Fuels was reported to be quoting the commodity at US$ 113 per metric tone, however after losing the bid to other OMCs who were quoting at US 84.00 per metric tones, Agrofuelreduced the pricing to US$54.12 in a competitive escapade.This news has raised mixed feelings...
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