This follows a court ruling by an Accra High Court on Tuesday after the National Petroleum Authority (NPA) had applied for stay of execution to enable it appeal an initial judgment. The plaintiffs, Mr Kwaku Kwarteng and Mr Abdul Ganiyu filed a counter affidavit praying the court to compel the regulatory body to obey the November ruling.
It will be recalled that on 28th November 2011, the court ordered the NPA to stop charging consumers with the ex-refinery differential and also directed that the accrued surplus since June 2009, which the plaintiffs estimated to be in the region of GHc 661 million, should be deposited into the Consolidated Fund on behalf of Ghanaians.
The ruling is highly expected to affect fuel prices.
Petroleum prices were increased between 15 and 30 per cent about a month ago, much to the objection of several civil society organisations and labour unions including the Trades Union Congress.
The Chief Executive Officer of the NPA, Alex Mould, said his outfit does not have a choice but to comply with the court’s directive.
Source: Citifmonline
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