Bulk Oil Storage and Transportation Company Limited (BOST) in a statement released on Monday, November 27 has countered recent reports implicating the Gold4Oil policy in the introduction of manganese-contaminated gasoline into the market, allegedly causing vehicle underperformance.
BOST firmly denied any connection between the Gold-for-Oil Policy and the presence of manganese-laden fuel, emphasizing compliance with the National Petroleum Authority’s regulations and Ghana Standard Authority’s product specifications.
“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,” the statement declared.
Highlighting their commitment to quality, BOST revealed that, of the twenty-three cargoes imported under the Gold4Oil policy, none had failed the quality tests conducted by the Ghana Standard Authority.
The company urged the public to disregard detractors’ claims and called for an investigation by the regulatory authority to determine the actual source of the alleged manganese-laden fuel.
“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,” BOST stated.
BOST pledged to import products from secure sources while maintaining reasonable prices to alleviate the cost of living in the country.