NPA debunks imminent fuel shortage report

The National Petroleum Authority has rejected claims by the Institute of Energy Security on a projected shortage of fuel in the next 12 days. The IES called on the NPA to swiftly implement measures to avert what it described as an imminent fuel shortage in the next twelve days. The development follows IES reports of low levels of fuel stocks by the Tema Oil Refinery and the Bulk Oil Storage and Transportation (BOST). The Institute also explains that the shortfall has been occasioned by the temporary shutdown of TOR due to the explosion of a furnace. According to the energy institute, the country’s stock of gasoline and gasoil at both the Tema Oil Refinery and the Bulk Oil Storage and Transportation installations across the country had a total of 86,000 metric tonnes of fuel as at Monday. But speaking to 3FM 92.7 Business, public relations officer of the NPA Yaro Kasambata says current fuel stock in the country measures up to over 200 million liters of gasoil and more than 100 million liters of petrol at various depots throughout the country “These stocks are expected to last up to 6 weeks. Additionally, over 73 million litres of gasoil and 46 million litres of petrol are expected to be delivered into the country from the 13th to 18th February 2017,” he said. He intimated that the authority will continue monitoring the supply of fuel to ensure consistency in the country. By Grace Asare |3FM|3news.com]]>