The Chief Executive (CE) of the National Petroleum Authority, (NPA), Dr. Mustapha Abdul-Hamid has told Civil Society Organisations (CSOs) in the energy sector, that government is in the process of reviewing the price deregulation regime of the petroleum sector, which has been effect since 2015.
He said this to them last Thursday at the African Regents Hotel, when he met them as part of his stakeholder engagements.
“Even before I took office as CEO of the NPA, plans were already in place to review the deregulation policy which has been in effect since 2015” Dr. Abdul-Hamid said.
“I have duly signed off on the decision and the review committee will begin sitting soon” he added.
The National Petroleum Authority was established by an Act of Parliament (NPA Act 2005, ACT 691) to regulate the petroleum downstream industry in Ghana.
As a Regulator, the Authority ensures that the industry remains efficient, profitable, fair, and at the same time, ensuring that consumers receive value for money.