1. Will the Deregulation of the Petroleum Sector Result in Greater Benefits?
Solee Park, CUTS Accra

2. Outline of Presentation
Industry Overview
Reasons for De-regulation
Anticipated Benefits of De-regulation
Components of Effective Regulatory Framework

3. Industry Overview
Act 691 (2005): National Petroleum Authority (NPA) to regulate the downstream sector of the petroleum industry
Major oil marketing companies: Total, Shell, and Goil
NPA in charge of determining the prices
Automatic Petroleum Product Pricing Formula

4. Reasons for Deregulation
Automatic Petroleum Product Pricing Formula
Asymmetrical reflection of world petroleum prices and depreciation in the cedi
Government subsidies
2013: GHS 2.4 billion
Illegal export to low-subsidy neighboring countries

5. Deregulation of the Petroleum Sector
Price deregulation: June 16, 2015
Oil Marketing Companies (OMCs) to determine petroleum pricing

6. Anticipated Benefits

7. Components of an Effective Regulatory Framework
Monitor and supervise competition in the petroleum sector
- Promote a level playing field through enabling policies
Prevents and Take actions on anti-competitive practices
- Collusive behaviour and other market malpractices
Safeguard quality
Keep prices under control (reduce volatility)

8. Thank You accra@cuts.org