{"id":1208477,"date":"2022-09-21T13:43:46","date_gmt":"2022-09-21T13:43:46","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/21\/we-are-nowhere-near-fuel-shortage-bost\/"},"modified":"2022-09-21T13:43:46","modified_gmt":"2022-09-21T13:43:46","slug":"we-are-nowhere-near-fuel-shortage-bost","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/21\/we-are-nowhere-near-fuel-shortage-bost\/","title":{"rendered":"We are nowhere near fuel shortage \u2013 BOST"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/09\/FUEL1.jpg\" \/><\/p>\n<div id=\"article-text\">\n<p>The Bulk Oil Storage and Transportation (BOST) Company is fighting off claims suggesting there is an imminent fuel shortage in Ghana.<\/p>\n<p>Some analysts have, in the last few weeks, predicted such a situation citing the depreciation of the cedi as a key factor.<\/p>\n<p>But the Managing Director of BOST, Edwin Provencal, says that the company has at least 13 days of fuel in its own reserve in addition to other private storage facilities.<\/p>\n<p>He stressed that the claim \u201cis not accurate at all.\u201d<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"300\" scrolling=\"no\" frameborder=\"no\" allow=\"autoplay\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/1348159468&#038;color=%23ff5500&#038;auto_play=false&#038;hide_related=false&#038;show_comments=true&#038;show_user=true&#038;show_reposts=false&#038;show_teaser=true&#038;visual=true\"><\/iframe><\/p>\n<p>\u201cWe have tank farms across the length and breadth of the country. When I came back to check, we have almost 40 days in private storage plus the 13 days in BOST; so, we are nowhere near running out.\u201d<\/p>\n<p>There have been calls for the BOST margin, which adds up to the price of fuel, to be scrapped.<\/p>\n<p>But Mr Provencal believes this would have dire consequences for fuel supply beyond the Greater Accra region.<\/p>\n<p>\u201cIf you talk about taking away the BOST margin because the BOST margin comes at a cost; that cost is a social cost. Don\u2019t just take away the BOST margin, also take away that social cost \u2013 then you are being fair and comparing apples to apples and oranges to oranges.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"300\" scrolling=\"no\" frameborder=\"no\" allow=\"autoplay\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/1348157842&#038;color=%23ff5500&#038;auto_play=false&#038;hide_related=false&#038;show_comments=true&#038;show_user=true&#038;show_reposts=false&#038;show_teaser=true&#038;visual=true\"><\/iframe><\/p>\n<p>\u201cBut you don\u2019t say take away the BOST margin but BOST will continue to manage the depots in Bolga, in Savelugu, in Buipe, in Akosombo\u2026 it\u2019s not fair. Private money does not do social project but BOST is mandated to do these things and they should come at a social cost.<\/p>\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-myjoyonline-com wp-block-embed-myjoyonline-com\"\/>\n<p>\u201cAnd that cost is the BOST margin; so, if you leave it to me, a private sector person, I am going to shut down all these other depots and also operate solely in Accra [and] Tema,\u201d he added.<\/p>\n<p>The full interview with the BOST Managing Director, Edwin Provencal, airs on The Pulse on the JoyNews channel at 3 pm today, September 21.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bulk Oil Storage and Transportation (BOST) Company is fighting off claims suggesting there is an imminent fuel shortage in Ghana. Some analysts have, in the last few weeks, predicted such a situation citing the depreciation of the cedi as a key factor. But the Managing Director of BOST, Edwin Provencal, says that the company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1208478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[5042,599,4797],"class_list":["post-1208477","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bost","tag-fuel","tag-shortage"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1208477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1208477"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1208477\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1208477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1208477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1208477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}