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National Petroleum Authority (Prescribed Petroleum Pricing Formula) Regulations, 2012 🇬🇭

Ghana

Table of Contents

L.I. 2186

National Petroleum Authority (Prescribed Petroleum Pricing Formula) Regulations, 2012

  • Published in Government Gazette on 13 July 2012
  • Commenced on 15 August 2012
  • [This is the version of this document from 13 July 2012.]
IN exercise of the power conferred on the National Petroleum Authority by sections 80(1)(a) and (80)(1)(d) of the National Petroleum Authority Act, 2005 (Act 691), these Regulations are made this 11th day of July, 2012.

1. Regulation 1—Determinants of the prescribed petroleum pricing formula

The determinants of the prescribed petroleum pricing formula are the following:
(a)full cost recovery of all investments made to procure; refine, store transport and market petroleum products and to ensure that ex-refinery prices are set equal to the import parity;
(b)raising revenue for Government through the imposition of petroleum taxes or levies duly approved by Parliament;
(c)ensuring that ex-pump prices are the same throughout the country;
(d)ensuring the purity and quality of…

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