BOST Cuts Fuel Exports To Burkina Faso And Mali To Protect Local Supply
BOST says rising domestic demand and tighter global supplies have prompted cuts in fuel exports to neighbouring countries.
- BOST cuts fuel exports to Burkina Faso and Mali.
- Rising local demand puts pressure on supply.
- LPG terminals planned for Tema and Kumasi.
Ghana’s state-owned fuel distributor, BOST Energies, has reduced diesel and petrol exports to Burkina Faso and Mali as it prioritises domestic fuel demand.
BOST Managing Director Afetsi Awoonor disclosed that the company has cut supplies to the two neighbouring countries since August amid growing demand and tighter global fuel supplies.
According to him, BOST supplied only half of the 80,000 metric tonnes of fuel requested by Burkina Faso for July and August.
During the same period, the company exported 10,000 tonnes of fuel to Mali, despite the country requesting an additional 40,000 tonnes for August and September.
Awoonor said domestic diesel consumption in Ghana continues to rise as economic activity expands, putting additional pressure on fuel supplies.
“Supply is available, but it’s at a high cost,” he said, adding that increased demand has made it more difficult to maintain stable domestic fuel prices.
Diesel accounts for about two-thirds of BOST’s fuel supplies, while the company holds an estimated 30% share of Ghana’s fuel import and distribution market.
Awoonor also disclosed that BOST plans to construct an LPG terminal in Tema by the fourth quarter of next year and begin importing cooking gas.
The company also plans to establish an LPG storage facility in Kumasi, with terminals expected to be developed at six locations in phases.
