The National Petroleum Authority (NPA) has denied claims suggesting it is illegally receiving revenues through the collection of the Unified Petroleum Price Fund (UPPF), Bulk Oil Storage and Transportation (BOST) and Fuel Marking Margins.
A statement issued by the MPA said “The NPA wishes to state that its mandate to collect charge or receive revenue with respect to the UPPF, BOST and Fuel Marking Margins is derived from the NPA (Prescribed Petroleum Pricing Formula) Regulation 2012, Legislative Instrument (LI)2186 passed by the Parliament of the Republic of Ghana in July 2020.
“We, therefore, wish to state emphatically that the NPA is acting legally as specified in the Prescribed Petroleum Pricing Formula Regulation 2012, LI 2186 and that the UPPF, BOST and Fuel Marking Margins charged in the price build-up are not illegal charges as asserted by Dr Cassiel Ato Forson,” the NPA statement said.
The NPA issued the statement in response to claims made by the Member of Parliament for Ajumako-Enyan-Esian Constituency, Dr. Cassiel Ato Forson.
Read the full statement below