Business

National Petroleum Authority justifies levies on fuel

A Ranking Member on the Finance Committee of Parliament, Dr. Cassiel Ato Forson, had threatenedto take action against the NPA for failing to seek Parliamentary approval before the collection of the levies.

He said these levies had been increased astronomically and illegally, leading to the rampant increase in fuel prices.

He noted that since the New Patriotic Party (NPP) took office, the BOST margin has increased by 200 percent. The UPPF margin has increased by 167 percent. The fuel marking margin has also increased by 233 percent.

But the NPA in a statement dismissed this claim, insisting it is acting “legally as specified in the Prescribed Pricing Formula Regulations 2012. L.I 2186.

It said the levies “were not just increased in 2021 but have been increased periodically since 2009 to this present time, due in part to the increases in the cost of operations”.

Source: gbcghanaonline.com

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