Business News of Tuesday, 9 June 2020

Source: www.ghanaweb.com

BOST denies selling 5 million litres of contaminated fuel

Edward Provencal, Managing Director of the Bulk Oil Storage & Transportation Company Limited (BOST) Edward Provencal, Managing Director of the Bulk Oil Storage & Transportation Company Limited (BOST)

The Bulk Oil Storage and Transportation Company Limited (BOST) has dismissed allegations of selling 5 million litres of contaminated fuel to the market.

This comment comes on the back of allegations made by the opposition National Democratic Congress that, some officials of the Akufo-Addo administration have embezzled funds related to the contamination of oil which occurred in 2017.

Corporate Communications Director for BOST Malik Adjei who spoke on Joynews stated that 4.5 million litres out of the total contaminated fuel have been processed into petrol and diesel awaiting to be released on the market.

According to him, although a substantial portion of the commodity has been refined about 471,000 litres were sold to Zup Oil and some 862, 000 litres to Movenpina.

“It is not true that 5 million litres which got contaminated at BOST have been sold, 4.5 million litres out of the 5 million litres has been sent to TOR [Tema Oil Refinery] for reprocessing.

“And as we speak today we have a substantial portion of the product still sitting in the tank having been reprocessed into diesel and petrol available to be sold as fresh products on the market,” he said.

He further indicated that the BOST gate scandal allegations were untrue since investigations were subsequently carried out to ensure that the sector was sanitized.

“The committee which was instituted by management of BOST has come out with a report and in this report, specific steps have now been outlined as to how product which got contaminated should be dealt with,” he stressed.