Ghana is likely to lose about 7 million cedis in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited, BOST, to sell contaminated fuel to some oil marketing companies.
Documents sighted by Citi Business News indicated that BOST has agreed to sell about 5 million litres of contaminated fuel to Movenpinna Energy. The documents indicated that as at Wednesday, June 21st, 2017, BOST has agreed to sell off an estimated 186,000 litres of contaminated fuel to the oil company.
BOST is selling the product at 1 cedi per litre higher than proposed 90 pesewas by the Movenpinna Energy. But the Principal Research Analyst at the Institute of Energy Security (IES), Richmond Rockson tells Citi Business News the move must be stopped to save consumers from the harmful effects of the unwholesome product.