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Business News Tue, 17 Dec 2019

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NPA aborts planned fuel increment after Akufo-Addo intervention

The National Petroleum Authority’s (NPA) plans to push for an upward adjustment in fuel prices at the pumps has been aborted following an intervention by President Akufo-Addo.

Early on, the Chamber in a release hinted that per a letter by the National Petroleum Authority (NPA), all Petroleum Service Providers had been notified of an adjustment on “some elements on the already high petroleum price build-up and fuel prices”.

“Our attention has been drawn to a Memo from the National Petroleum Authority ( NPA ) dated Friday 13/12/2019, to all Petroleum Service Providers indicating a decision to further increase some elements on the already high petroleum price build-up and fuel prices.

But the Executive Secretary of COPEC, Duncan Amoah in an interview with sit-in host Akwasi Nsiah on Anopa Kasapa on Kasapa 102.5 FM described the supposed new charges as illegal that must be withdrawn before noon.

He claimed the adjustment is not fair to Ghanaians and unjustifiable saying NPA is just being insensitive.

“NPA will answer in court what powers they’ve arrogated onto themselves to slap these new charges on consumers. By the end of the day if they don’t withdraw we’ll go to court.”

However, the threats by COPEC has ultimately yielded good results as the planned move has been withdrawn.

“We have been informed that the President and the Chief of Staff have all intervened and the increment has been withdrawn,” COPEC leader Duncan Amoah told Starr News.

Source: Kasapa FM

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