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Opinions of Thursday, 8 January 2015

Columnist: Adjei, Kofi

Fuel Prices Must Be Reduced Further..

We at the COMMON SENSE NETWORK are asking the National Petroleum Authority (NPA) to publish how it arrived at a ten percent reduction on petroleum products.
The method and the explanation given by the NPA for the reduction is not clear and enough to the common man.

A press statement issued by the NPA indicated that the decision to review fuel prices forms part of efforts to “reflect falling prices of petroleum products on the world market is absurd untenable.

One thing that is very annoying to us about the reasons for the 10% reduction is that, the decision takes a balanced position of continuous effort to “reduce outstanding under-recoveries to the BDCs.”The question is who incurred that debt

We at COMMON SENSE NETWORK are however, insisting the NPA should have passed on a little below 50 percent reduction onto consumers.

The NPA should tell the common man the street why they decided to reduce fuel prices by just 10 percent before we take further actions against it [NPA].
In this respect, we are asking the NPA to disclose publicly the entire mechanism through which it calculated and arrived at the 10 percent reduction. We think common man have a right to know, they should tell us.

COMMON SENSE NETWORK is also asking them to tell us how the tax was applied because most of the levies that were applied to the ex-refinery price are already statutorily defined levies per act of Parliament so they have to explain why we are having to pay double of what we already have.
The ordinary man cannot continue to suffer for incompetence and inefficiencies of those put in the helms of affairs of our dear nation GHANA

Signed. Andrews oppong Williams
Hon Kofi Adjei-0578395551