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30.03.2007 Business & Finance

Shell Launches Unleaded Fuel

The Vice-President, Alhaji Aliu Mahama, has expressed the government's concern over the negative impact which the use of inefficient fuel by motorists has on the environment.

He said there was the need to find sustainable ways of accommodating “motorists' sophisticated demand for mobility without damaging our environment”.

The Vice-President made the remarks in a statement read on his behalf at the launch of Shell V-Power, a new unleaded fuel product.

The new fuel product has been developed to be more environmentally friendly. The objective is to improve vehicle engine life and maximise engine performance.

Alhaji Mahama said the government deemed it important for all to embrace what could be described as sustainable mobility and explained that the government, in its bid to ensure smooth and safe motoring, had placed great emphasis on strategic investment in the road transport sector, with a significant extension of the country's road network and improvement in licensing processes.

He said the government recognised the contribution of the private sector in moving the economy forward and added that it welcomed the partnership of oil marketing companies to promote economic growth.

Alhaji Mahama observed that the most significant and indispensable inputs in the transport energy sector were, first and foremost, vehicle fuels and lubricants and commended Shell for maintaining excellence in service delivery and technological advancement.

He said the new fuel product, V-Power, would offer customers a more environmentally-friendly fuel and deliver more efficient power for better performance of vehicles.

“As trail blazers in the search for more efficient, powerful and environmentally-friendly fuel, we welcome this innovation by Shell and encourage all and sundry to aspire to the same ideals which will carry us forward in a sustainable manner in the future,” he said.

The Managing Director of Shell Ghana Limited, Mr Daniel Ahene Nunoo, said the new product had been developed, after years of research, in collaboration with scientists who had developed fuels for the award-winning Ferrari Formula One racing team for more than 50 years.

He said the product had been analysed by the Ghana Standards Board to ensure compliance with standards.

Additionally, the National Petroleum Authority had been involved in the pricing structure of the product, he said, and explained that because the product was imported, the price would be in tandem with the movement of world oil prices.

He said initially 23 stations in Accra, Tema and Kumasi were being kitted to provide Shell V-Power for customers, saying a nationwide roll out plan was expected to follow thereafter.

Story by Daniel Nkrumah