[ 2011-04-16 ]

NPA Chief Executive assures stable fuel prices
Ghanaians should be spared any imminent fuel price
increase at least for the next few months.

According to the Chief Executive of the National
Petroleum Authority the country remains fairly
insulated from any immediate risks emerging from
the volatility in the price of crude oil.

Mr Alex Mould has been responding to concerns
about the impact of the political strife sweeping
across the oil-rich Middle-East and North Africa
on Multi TV's current affairs program PM EXPRESS.

He says because of the policy to hedge the
country's crude purchases, consumers would not
have to pay any more than they are paying now, at
least until August.

“We hedged from October 2010, and the last hedge
will end in July this year,” he said, adding
that the risk management committee of the NPA is
meeting to decide what next to do.

Source - MyjoyOnline

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