Story: Business Desk
Ghana’s state-owned fuel distributor BOST Energies has cut diesel and gasoline exports to neighbouring Burkina Faso and Mali since August, prioritising domestic demand, Managing Director Afetsi Awoonor has said.
Mr Awoonor told Reuters on Wednesday, September 16, that BOST supplied only half of the 80,000 metric tonnes of fuel requested by Burkina Faso in July and August.
During the same period, BOST exported 10,000 tonnes of fuel to Mali, although the country had requested an additional 40,000 tonnes for August and September, he said.
Mr Awoonor said rising diesel consumption in Ghana, where BOST has a 30% market share, had increased pressure on supplies as economic activity expanded.
“Supply is available, but it’s at a high cost,” he said, adding that sharp increases in demand had strained supplies and complicated efforts to keep domestic fuel prices stable.
Diesel accounts for about two-thirds of BOST’s supplies, he said.
Ghana’s fuel prices rose earlier this year amid global supply concerns but have since eased, helped by a stronger cedi and government intervention.
Mr Awoonor also said BOST plans to build an LPG terminal in Tema by the fourth quarter of next year and begin importing cooking gas.
The company also plans to build an LPG storage facility in Kumasi to support distribution, with terminals planned at six locations in phases, he said.
4 thoughts on “BOST stops fuel exports to Burkina Faso, Mali over domestic demand ”
Prioritising Ghana’s domestic fuel needs is understandable, but supplying only half of Burkina Faso’s requested 80,000 metric tonnes could strain regional trade relations. BOST should communicate clear export criteria and timelines to help Burkina Faso and Mali plan alternative supplies.
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BOST’s decision to supply Burkina Faso only half of its requested 80,000 metric tonnes while prioritising Ghana’s domestic market highlights the pressure on regional fuel supplies. The 10,000 tonnes exported to Mali also shows how difficult it is to balance regional trade with local demand.
Prioritising Ghana’s domestic fuel needs is understandable, but supplying only half of Burkina Faso’s requested 80,000 metric tonnes highlights how significant the regional impact could be. BOST should communicate clearly how long the export restrictions are expected to last and how they may affect neighbouring markets.