NPA to increase prices of LPG, kerosene, premix fuel February
The Chief Executive Officer of the National Petroleum Authority (NPA), Alex Mould says by February 1st LPG, kerosene and premix fuel prices will see a 46%, 93% and 151% respective price increase in accordance with the prevailing ruling of an Accra High Court on January 24.
He said the price increase is the best alternative for the NPA if it is to go through with the court’s option of seeking Parliamentary approval before imposing the ex-refinery differential margin as a tax.
Addressing a press conference in Accra the NPA boss said the regulatory body in the best interest of Ghanaians, and in consultation with the Tema Oil Refinery (TOR), Bulk Distribution Companies, Government and the Association of Oil Marketing Companies, has decided to comply with the other option provided by the courts.
He said the Authority has submitted a revised petroleum products pricing formula, which includes the ex-refinery differential margin, to be published in the gazette.
By: e.tv Ghana
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