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Stop relying on NPA for fuel price reduction- NPA

The Head of Economic Regulation of the National Petroleum Authority(NPA), Abass Ibrahim Tasunti has charged Ghanaians especially consumers of petroleum products to stop relying on the NPA for fuel price reduction, since it has no hand in fuel pricing.

“It is not for the National Petroleum Authority to determine when the prices of fuel come down but the prices are influenced by exchange rate and the world market” he disclosed.

He made the disclosure during a presentation on the Pricing of Petroleum Product in Ghana in a day’s capacity building training for Journalists in Central Region.

“As I speak NPA has observed that the world market price has been falling and that we are observing the price on the world market” he hinted.

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The NPA Head of Economic  Regulation explained that NPA is a statutory agency regulating, overseeing and monitoring the Petroleum downstream industry in Ghana to ensure efficiency and growth.

“In line with this, National Petroleum Authority has a team that goes round to inspect and monitor fuel quality and whenever they find out that any company or fuel outlet is  selling adultrated substances of petroleum products they lock them up”.

Abass Ibrahim Tasunti stated that NPA monitoring activities helps them to identify some of these companies and called on the general public especially consumers to report issues of fuel adulteration within 48hours for swift investigation and redress.

On his part, the Head of Quality and Control at NPA, Ubeidalah Saeed Kutia hinted that there are over 4,000 fuel stations in Ghana and assured that National Petroleum Authority would continue to put in quality control measures along the value-chain to guarantee the integrity of petroleum products in the country.

Source: Gordon, 2022.

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