The Bulk Oil Storage and Transportation Limited (BOST) has assured the public that there is no looming fuel shortage as speculated by some publications.
A release issued by the company said estimates from the National Petroleum Authority (NPA) indicated that the total volumes of fuel available in the country as of September 20, 2022 was equivalent to 43 days of national demand and not 13 days as being bandied around.
It said out of the total quantity, BOST held what could last for 13 days while the Bulk Oil Distributing Companies (BDCs), together, are holding close to 30 days of national demand.
The company has, therefore, urged the public to disregard any publication attributed to its managing director that there was a looming fuel shortage.
It noted that comments from its Managing Director Edwin Alfred Provencal, on the strategic stocks of the country were misinterpreted to mean there was a looming fuel crisis.
Thus publications on an impending fuel crisis was, therefore, misleading.
Story by: Kelvin Danso
