NPA Says Profits Accrued From Low Crude Oil Prices On World Market Will Be Used To Pay Debts

Consumers will have to brace themselves up to deal with the high cost of fuel and transportation despite the reduction in the global prices of crude oil. 

This is because the NPA will be using the profit accrued to pay debts owed the Bulk oil distribution companies. 

The price of crude went as high as $119 per barrel but has reduced to $ 81.24. 

Many have called for a reduction in prices including Deputy Minority leader Dominic Nitiwol who has said he will lead the campaign for a reduction. 

Pressure Group Alliance for Accountable Governance which demonstrated on Wednesday has called for a reduction in prices. 

But the NPA says this will not happen due to a GH¢ 400 million debt owed the Bulk oil Distributors. 

GBC