Energy Minister Dr. Oteng Agyei has asked the Tema Oil Refinery and the National Petroleum Authority (NPA) to redesign the formula for pricing petroleum products and find ways of better keeping the public well-informed. Price adjustments in the country have been pegged to changes in price of crude on the world market. But speaking to Joy Business News the Energy Minister said such a formula must be looked at again. ”Even though we are talking as if the pricing is related to the price of crude, in reality it is related to the price of finished products,” he said. Dr Oteng Adjei said this when he inaugurated the boards of the National Petroleum Authority and the Tema Oil Refinery. The boards of the two institutions, which are under the Ministry of Energy, he disclosed, would undergo a three-day orientation on corporate governance so they would be better informed about their roles. The minister indicated that the boards would be trained in several areas including how board members would avoid interfering in the day to day running of an organisation. “The era where board members would want to get offices as part of the top management in the various institutions is gone. We’ll give you every support but we’ll never support the situation where board members are having daily meetings with the various institutions and taking the various forms of things that you don’t have to pick up in public,” he stressed. Story by Fiifi Koomson/Joy Business