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NPA faces suit over petrol price deregulation

npaThe Chamber of Petroleum Consumers (COPEC) says the silence of the National Petroleum Authority (NPA) in the era of petroleum price deregulation is too loud.

According to the pressure group, the Authority has failed in its mandate to ensure that the oil-marketing companies (OMCs) abide by the frameworks underpinning the policy.

Speaking on TV3 on Monday, August 10, the Executive Secretary of the group, Duncan Amoah, says consumers have grown to understand what goes into pricing of petroleum products but the improper computations are rather being done by OMCs.

“It looks [like] deregulation has not been able to take into full consideration and, so, things continue to happen anyhow, anyway without the proper framework and the Chamber of Petroleum Consumers are still exploring the legal option,” Mr Amoah said.

“We will inform the wider public as and when we are able to file this suit and get an injunction on deregulation completely.”

Fuel price deregulation began on Tuesday, June 16 but the Authority indicated that it would continue to review “the existing legal framework of petroleum products pricing towards a smooth implementation of the full steps of petroleum products price deregulation in Ghana”.

“As it is today, the NPA is quiet.”

Source : tv3network.com/all-news/markets/business/npa-faces-suit-over-petrol-price-deregulation.html

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Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
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