Monday, 26 February

Gold-for-oil not cause of high manganese level in fuel - BOST

Business
BOST said none of the 23 cargoes it has brought in so far through the policy failed the quality test as carried out by the Ghana Standard Authority

The Bulk Oil Storage and Transportation Company Limited says the gold-for-oil policy is not to blame for any alleged high level of manganese in fuel.

A statement issued on Monday, 27 November 2023 by BOST said: "We wish to state unequivocally that, we have not imported any product under the policy which is off the specifications per the regulations of the National Petroleum Authority and the product specifications of the Ghana Standard Authority".

“We, therefore, implore the public to disregard the claims of our detractors regarding the importation of manganese-laden fuel.”

BOST said none of the 23 cargoes it has brought in so far through the policy failed the quality test as carried out by the Ghana Standard Authority.

It urged consumers to "grant the regulatory authority of the petroleum downstream the time and space to investigate the exact source of the said product and also to tighten the regime to clamp out the room for the importation of potentially problematic products onto the market".

“We shall continue to import products from safe sources without compromising on quality standards and leverage the volumes to serve the market at reasonable prices to beat down the cost of living in the country.”

Source: classfmonline.com