The shipments will total 155,000 tons of fuel in addition to the first consignment of 40,000 tons of oil under the deal.
.The following week, another 40,000 tons will arrive, followed by another 40,000 tons that same week, and then another 40,000 tons in the last week of February.
“By the end of February, I can bet you that you will see that the prices will be extremely competitive.
He also denied allegations that the Gold for Oil policy favours certain Oil Marketing Companies (OMCs).
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Some OMCs claim that BOST has chosen specific oil marketing companies to receive fuel for distribution under the gold for oil policy.
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Provencal stated that the claims were false.
“When the products came in, Go Energy made their requests, Stratcon made their requests, Maranatha made their requests, Everstone made their requests, Oil Channel made their request, so six BDCs made requests, so how on earth did we sell to only Go Energy, all the six took products from us.”