BOST Faces GHS 40m Monthly Revenue Shortfall Following Diesel Margin Suspension
The Bulk Oil Storage and Transportation Company Limited (BOST) is expected to incur a revenue shortfall of nearly GHS 40 million in April 2026 following the government’s decision to suspend the BOST margin on diesel, Deputy Managing Director, Nat Salifu Acheampong, has revealed.
In an interview on Monday, April 20, Mr Acheampong indicated that although the margin on petrol remains in place, the removal of the diesel component presents considerable risks to the company’s operations and capital investment plans.
“We still have the margin on petrol. It is only on diesel that we do not have the margin,” he said, adding that the company has been assured the measure is temporary. “But we’ve been promised it is only for a short period. So we are appealing to Parliament to also sing our song.”
Mr Acheampong noted that proceeds from the BOST margin are a key funding source for infrastructure projects, particularly the planned upgrade of the Accra–Akosombo pipeline.
He explained that the existing six-inch pipeline is slated to be replaced with a 12-inch line to improve operational efficiency and enhance fuel distribution nationwide.
“All these facilities you have seen, we need to replace the pipeline from Accra to Akosombo. And bear in mind, all this pipeline will be for the benefit of the whole country,” he stated.
“Once we replace the existing pipeline, which is only six inches, with these 12-inch pipelines, we get resources from the BOST margin to bring in all this pipeline. If we lose the BOST margin completely, what it means is that we will not be able to replace the existing pipeline.”
Providing insight into the financial implications, Mr Acheampong described the projected loss as substantial.
“Within this month, we are likely to lose close to GHS 40,000,000, and GHS 40,000,000 off our books is serious,” he said.
He cautioned that a sustained loss of this magnitude could negatively affect the company’s operations and its ability to undertake key infrastructure projects.
“If you compare that, assuming we lose 40 million Ghana cedis consistently over a period, it means that our operations will be adversely affected,” he added.
Mr Acheampong further appealed to Parliament to reinstate the margin once current market pressures ease, stressing that the levy is essential for delivering on BOST’s mandate.
“We are appealing to the powers that be; when the crisis is over, they will restore the BOST margin for the good people of Ghana,” he noted.
The BOST margin is a levy imposed on petroleum products to support the company’s responsibility of maintaining strategic fuel reserves and managing critical petroleum infrastructure. The government suspended the margin on diesel earlier this month as part of efforts to ease the burden of rising fuel prices on consumers.
