Local manufacturers and independent blenders of petroluem byproducts have to increase import expenses, owing to the shutdown of oil refineries, says lubricants manufacturer Oilflow director Enoch Qua-Enoo. “The closure of oil refineries has resulted in a detrimental position for companies operating in the global market, owing to limited options to source base oil. Import rates are constantly increasing, which ignite the increase of commodity costs.”
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