Mr Abramah Kofi Asante, the Minority Spokesman on Energy, on Wednesday said the ex-pump price of gasoline should be 9,000 cedis per gallon.
He said the government's formula for fixing ex-pump price a five-dollar drop in World market price should trigger a reduction in local prices.
Speaking in an interview in Accra, he said, "since February 2001, crude oil price on the world market had decreased over 30 per cent, more than the five dollar triggering point and yet no reduction in prices had occurred".
"The cedi has been stable and, therefore, the reduction of the World price of petroleum should automatically change our ex-pump price."
The member said the government was using subtle means to reintroduce taxes at hiked levels. The "Government should understand that there is the need for the people of Ghana to enjoy the benefits of the reduction of prices and not use clever means to avoid the issue."
He said the impact of petroleum price on the ordinary Ghanaian and the economy was very grave adding, "the over-pricing must stop".
Mr Asante disagreed with government's assertion that the windfall as a result of the low world price was being used to pay the debt stock of the Tema Oil Refinery (TOR).
He said the public did not know how much the windfall was and what it was being used for. "How much savings are we making? How much is being used to clear the TOR's debt? And at what price on the world market would Ghanaians enjoy reduction at home? These are some of the questions I had wanted to ask."
