THE acting Chief Executive of the National Petroleum Authority (NPA), Mr Alex Mould, has allayed fears of an imminent increase in petroleum prices.
He said even though world market prices had gone up to about $58 per barrel, the NPA would not adjust prices upwards because of some government interventions.
Interacting with journalists in Kumasi yesterday, Mr Mould refused to delve into what interventions the government had made, saying, “Those who want to know can investigate.”
He, however, said it would be difficult to predict what would happen if world crude oil prices exceeded $60 a barrel
Mr Mould, who was in Kumasi to meet stakeholders in the petroleum industry, emphasised that the NPA was independent of the government and that there was no way the government could dictate to it concerning petroleum pricing.
However, the government could intervene in the pricing of petroleum products by way of policy, he noted.
He said the pricing of petroleum products was based on a win-win affair and not an attempt by the NPA to bring untold hardships on the people.
He spoke against the smuggling of petroleum products from the country and said his outfit was collaborating with the security agencies to address the situation.
Mr Mould indicated that the nation could not sit down for some unscrupulous people to continue with the negative activities of smuggling.
He rejected suggestions that his sister, the Minister of Justice and Attorney-General, Mrs Betty Mould-Iddrisu, influenced his appointment.
He said his appointment was based on merit, not nepotism, as some people wanted others to believe.
Mr Mould, who is the younger brother of Mrs Mould-Iddrisu, indicated that his vast experience in the petroleum industry was going to tell positively in his new position.