Some consumer groups have joined calls for the National Petroleum Authority (NPA) to immediately reduce prices of petroleum products.<\/p>\n
This comes a few days after the Trades Union Congress (TUC) made similar demands.<\/p>\n
The price of crude oil on the world market has hit a five-year low; currently selling at around 60 dollars per barrel.<\/p>\n
But importers of crude, Bulk Oil Distribution Companies (BDCs) have warned government not to succumb to mounting pressure for fuel prices to be reduced.<\/p>\n
Speaking to Citi Business News the representative of the Consumer Action Front Dauda, Mohammed Suru said the NPA must respect the Automatic Adjustment Formula used in determining fuel prices.<\/p>\n
“It is very unfortunate and disappointing that people who should be giving us leadership and direction will vary their policy as and when they think it suits them”, he stressed.<\/p>\n
The Consumer Protection Agency (CPA) is also calling on the National Petroleum Authority to account for the monies so far accrued due to delay in the reduction of petroleum products.<\/p>\n
According to the NPA, the refusal to reduce petroleum prices will afford government the opportunity to pay outstanding debts owed the Bulk Oil Distribution Companies (BDCs).<\/p>\n
According to Head of Consumer Protection Agency (CPA), Kofi Kapito there is the need for transparency.<\/p>\n
He said,” even if we are going to be paying this , how long is it going to take for us to be able to clear that old debt…but i also support the call that it should be reduced”.<\/p>\n
By: Rabiu Alhassan\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Some consumer groups have joined calls for the National Petroleum Authority (NPA) to immediately reduce prices of petroleum products. This comes a few days after the Trades Union Congress (TUC) made similar demands. The price of crude oil on the world market has hit a five-year low; currently selling at around 60 dollars per barrel. […]<\/p>\n","protected":false},"author":14,"featured_media":3058,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[22,4],"class_list":["post-77039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-medcirclesgh","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/77039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77039"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/77039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/3058"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}