Spy news has gathered that the National Petroleum Authority, NPA has secured legal backing for the ex-refinery differential levy on petroleum products.
The development will enable petroleum price build up which didn?t have an Legislative Instrument backing it now has and this includes the price stabilization margin popularly referred to as the ex-differential.
It is also established that scrapping the levy could not have resulted in a marginal reduction of the prices of some petroleum products.
This approval was secured from parliament sometime in the middle of this month. Meanwhile, the levy constitutes a price build up on fuel, which a high court some months back ruled for it to be removed because it was introduced without a parliamentary approval.
Sources to NPA SAID, The actual price stabilization is a subsidy at hand and that nothing much has changed.
In another development, an Accra High-Court yesterday adjourned to Monday, September 3, the ruling on a contempt case brought against the Chief Executives of NPA and TOR by Development Data.