This is because the Authority says it has taken steps to legalize the levy which the court had declared illegal.

It had warned that complying with the court's order to scrap the levy would have seen kerosene selling at nearly twice the current price.

But Acting Chief Executive, Alex Mould has explained the processes have begun to give the levy legal blessing.

“We have, in consultation with all the stakeholders, agreed that this ex refinery differentials is necessary in the price buildup formula…we then sought approval, we got approval, we are now gazetting it.

“The judge said because the last published gazetted petroleum pricing formula did not include the ex refinery differential, he doesn't see how we can put the ex refinery differential in so now that we have published it …using the processes which the judge asked us to use and now we have gazette it, the ex refinery differential or the stabilizing margin is part of the new prescribed petroleum pricing formula and as such we don't have a problem,” he stated.

Once sanctioned by the court, the substantive appeal against the levy by the NPA should be rendered moot.

• 27/01/2012 14:00 - 498 Fake Travel Documents Intercepted
• 27/01/2012 14:00 - Cedi Outlook Mixed. Importers Worried
• 27/01/2012 14:00 - Tullow Oil Launches Scholarship Scheme
• 27/01/2012 14:00 - International Paints Support Media
• 27/01/2012 14:00 - FDI Creates 8,351 Jobs

• 27/01/2012 06:00 - Ghana to consolidate economic gains with US$100m WB budget support
• 27/01/2012 02:00 - Herman, Africa's 'father of technology' on sparking a tech revolution
• 26/01/2012 22:00 - World Bank announces new Country Director for Ghana, Liberia and Sierra Leone
• 26/01/2012 22:00 - Farmers' toil erased by Bushfire
• 26/01/2012 22:00 - Veep Urges Telecommunication Companies to list on Ghana Stock Exchange