Management of the Bulk Oil Storage and Transport Company (BOST) has announced the adoption of a policy to charge the cost of fuel contaminations at its various depots across the country to the various depot managers and third party companies which hire the storage services of BOST.
This is aimed at ensuring that government no longer bears the cost of contaminated fuel simply because the fuel or petroleum products were being stored at depots hired out to private companies.
BOST, by this move, is also trying to shed its very bad reputation in matters of contaminated fuel at its depot after the scandalous sale of 5million litres of contaminated fuel to private companies in 2017 left a huge dent.
The Zup Oil/Movenpiina contaminated fuel scandal of 2017 when BOST was under Alfred Obeng Boateng, has had BOST in a bad light up till today. However, it gets worst – the Africa Center for Energy Policy (ACEP) reports that continued contamination of fuel at BOST depots together with other operational losses have since cost the government some US$300million.
Every month, these same losses cost BOST some US$2million. It is to curb the problem that BOST says that it is rolling out a number of policies and programs, including, the transfer of costs from fuel contaminations to depot managers. Apparently, this will force depot managers to work to forestall contaminations.
Also, the company says that it is rehabilitating its river vessels to pave way for the transport of petroleum products to the various depots nationwide by inland waterways.