Accra High Court to decide fuel pricing in the country
An Accra High court will, today, rule its judgment in a landmark case that will decide how fuel prices should be determined in Ghana.
The law suit was filed by a policy research and advocacy organization, Development Data filed against the National Petroleum Authority (NPA) and Tema Oil Refinery (TOR) at an Accra High Court two years ago.
Development Data is claiming against Defendants jointly and severally, a declaration that the ex-refinery differential component of the ex-refinery price imposed by the NPA on June 5, 2009, was illegal and that the ex-pump prices announced by the NPA on June 5, 2009, on the basis of the ex-refinery prices referred to, were not in accordance with the prescribed petroleum pricing formula, making it unlawful.
Other reliefs of the plaintiffs are an order for the Tema Oil Refinery to cease the collection of the ex-refinery differential for the NPA, as well as an order to direct both NPA and TOR to publicly declare the amount of money accrued from the imposition of the ex-refinery differential and to pay same into the Consolidated Fund.
They are also seeking an order for the NPA to publish periodically in the Gazette, import parity prices of refined petroleum products as well as an order of perpetual injunction restraining the NPA from imposing the ex-refinery differential. Will the Court compel the National Petroleum Authority (NPA) to reduce current prices of fuel?
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