Tag: Chamber of Petroleum Consumers (COPEC)
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Fuel prices to hit GHS18/litre in December if government doesn’t intervene – COPEC
If steps are not taken to curb the rampant increase in the prices of fuel at the country’s filling stations, the Chamber of Petroleum Consumers Ghana (COPEC) predicts that fuel prices could reach GHS18 per litre by the end of the year. ‘We are now hitting GHS15 per litre for fuel,’ according to Duncan Amoah, Executive…
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Fuel prices jump to almost GHS16/litre
Over the weekend, fuel prices have shot up to almost GHS16 per litre at some stations in the country. At a leading Oil Marketing Company, Total Energies, for instance, the price of Diesel now stands at GHS15.99 while petrol sells for GHS13.10. This is a sharp rise from the GHS11.06 per litre for petrol and…
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Fuel prices to go up again by about 30 pesewas – COPEC
As fuel prices continue to hike, consumers may have to brace themselves for more shocks in the next couple of days. The Chamber of Petroleum Consumers Ghana (COPEC) is forecasting fuel prices could go up by up to 30 pesewas soon. Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC), Duncan Amoah said in…
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BoG must give special forex concessions to fuel importers to mitigate price hikes – COPEC
The Chamber of Petroleum Consumers (COPEC) is proposing that the Bank of Ghana (BoG) should give concessionary dollar rates to fuel importers in Ghana. COPEC believes this will go a long way to mitigate the constant hike in the price of fuel in the country. Executive Secretary of COPEC, Duncan Amoah stated that “we have…
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Petrol and diesel prices to hit GH¢7 per litre if government does not intervene – COPEC
The Chamber of Petroleum Consumers (COPEC) says fuel prices at the pump may hit GH¢7 a litre if the government does not put measures in place to cushion Ghanaians. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan Amoah stated that, “Fuel is now threatening to get to almost GH7 a litre. Currently, some…
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Fix TOR and BOST to cushion consumers from fuel price hikes – COPEC
As fuel prices continue to rise at the pumps, the Chamber of Petroleum Consumers (COPEC) says the situation will not change until institutions like the Tema Oil Refinery (TOR) and the Bulk Oil Storage and Transportation Company Limited run at full capacity. According to COPEC, once the entities commence operations, they should be able to…
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Fuel prices likely to go up by 8 pesewas today – COPEC
The Chamber of Petroleum Consumers (COPEC) has indicated that fuel prices are likely to go up by 8 pesewas from today, May 17, 2021. Executive Secretary of COPEC, Duncan Amoah, stated that this was due to a hike in prices of the product on the global market. “Geopolitical events over the past few days have…
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OMCs likely to implement tax-induced price adjustments from May 4 – COPEC
It appears most Oil marketing companies are yet to adjust upwards their prices of fuel in the national capital, Accra two days after the set implementation date for the newly introduced taxes. The government during the presentation of the 2021 Budget Reading introduced some taxes including the Energy Sector Recovery Levy of 20 pesewas per…
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Monitoring system good but prosecute fuel smugglers – COPEC to government
The Chamber of Petroleum Consumers (COPEC) says beyond the introduction of the monitoring system by the government, prosecution of perpetrators is key to addressing the country’s fuel smuggling challenge. Ghana currently loses billions of Ghana cedis to such illegal activities and in response to this, the National Petroleum Authority (NPA), launched a National Fuel Monitoring…
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COPEC to launch scheme to insure fuel customers
The Chamber of Petroleum Consumers (COPEC) is set to launch a policy that will protect the interest of fuel consumers who have to deal with the consequences of the negligence of fuel station attendants and the sale of adulterated fuel products by some Oil marketing companies. The scheme in partnership with the Ghana Standards Authority…