Tag: Chamber of Petroleum Consumers (COPEC)
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Fuel price hikes: COPEC demands review of price stabilisation levy
The Chamber of Petroleum consumers (COPEC) is calling for a review of the Price Stabilisation Levy to minimise the impact of the surge in fuel prices on consumers. Oil prices have seen a significant increase over the last few weeks with some oil marketing companies currently selling a litre of petrol for GHS5.35. According to…
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Fuel prices may go up by 16 pesewas soon – COPEC
As global crude oil prices continue to increase the Chamber of Petroleum Consumers, COPEC, is hinting of an up to 16 pesewas hike in fuel prices at the pumps in the coming days. In an interview with Citi Business News, Executive Secretary of COPEC, Duncan Amoah called on authorities to put measures in place to…
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Block revenue leakages instead of imposing new taxes – COPEC advises government
The Chamber of Petroleum Consumers, COPEC is asking the government to focus on sealing revenue leakages in the energy sector rather than impose more taxes. According to the Chamber, billions of dollars are lost to the state from various illegal activities such as fuel smuggling. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan…
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AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant
Energy analyst and lead technical consultant to the Chamber of Petroleum Consumers (COPEC), Dr Yussif Sulemana says the African Continental Free Trade Area Agreement (AfCFTA) coupled with the establishment of a state-of-the-art refinery by Nigerian businessman Aliko Dangote stand the potential to significantly reducing the cost to refined crude products on the continent. He stated…
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COPEC predicts 5% increase in fuel prices
The Chamber of Petroleum Consumers (COPEC) is predicting an increase in prices of fuel in Ghana in the coming days. COPEC believes the increment is likely to be seen in the second pricing window in December 2020. The Chamber indicated that the slight depreciation of the cedi among other things is a reason for this…
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Enforce safety standards to prevent gas explosions – COPEC to government
The Chamber of Petroleum Consumers-Ghana (COPEC) wants government and sector authorities to ensure that safety standards are adhered to at various fuel stations across the country. This is on the back of an explosion which occurred last week at a gas station in the Volta Region. Speaking to Citi Business News, Executive Secretary of COPEC,…
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Don’t impose taxes on fuel after 2020 elections – COPEC cautions government
The Chamber of Petroleum Consumers (COPEC) has called on government to ensure it desists from introducing new taxes on petroleum next year. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan Amoah said, whichever party that wins the upcoming elections should desist from the act as it greatly inconveniences the average Ghanaian. He stated…
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Revamp TOR to ensure investor confidence for petroleum hub – COPEC to Government
The Chamber of Petroleum Consumers (COPEC) says government must get the Tema Oil Refinery up and running if it hopes to attract funding for its planned petroleum hub. Executive Secretary of COPEC, Duncan Amoah, says the current state of TOR will not boost investor confidence to raise funds for the petroleum hub. He stated that,…
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Improve quality of products, service to remain competitive – COPEC to OMCs
The Chamber of Petroleum Consumers (COPEC) has charged Oil Marketing Companies (OMCs) across the country to make improved investments into training their frontline staff as well as provide high-quality products on a consistent basis in order to remain competitive. The remarks follow the completion of the second Consumer Satisfaction Survey for the month of October…
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Fuel prices to reduce marginally towards end of 2020 – COPEC predicts
The Chamber of Petroleum Consumers, COPEC, has predicted that fuel prices in Ghana will continue to drop marginally for the rest of the year. The Chamber believes that based on happenings on the international oil market, consumers can expect to purchase fuel at reduced prices. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan…