Tag: Chamber of Petroleum Consumers (COPEC)
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COPEC to publish regular consumer survey to improve service from OMCS
As part of efforts to ensure that the interests of consumers are protected at the fuel pumps, the Chamber Of Petroleum Consumers (COPEC) has begun releasing regular surveys on Oil Marketing companies in the country. According to COPEC, the findings of the survey will help guide consumers in their decisions on the ideal OMC to…
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LPG from Ghana Gas more expensive than imported product; COPEC insists
The Chamber of Petroleum Consumers, COPEC, insists that Liquefied Petroleum Gas supplied to Oil Marketing Companies by the Ghana National Gas Company is more expensive than imported LPG. COPEC had earlier called on the Ministry of Energy to address the anomaly which it says had contributed to an increase in the price of LPG in…
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Boycott fuel stations that fail to reduce prices – COPEC urges consumers
The Chamber of Petroleum Consumers, COPEC, is urging motorists to avoid Oil Marketing Companies that have refused to reduce fuel prices at the pumps. OMCs across the country were expected to reduce their prices from Monday, March 16, 2020, which was officially the next pricing window, and following a drop in crude oil prices by…
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COPEC contemplates court action if OMCs fail to reduce fuel prices
The Chamber of Petroleum Consumers Ghana (COPEC), says it will not rule out the possibility of going to court to compel Oil Marketing Companies (OMCs) in the country to reduce fuel prices at the pumps. The threat comes after a conflict over crude oil prices between Saudi Arabia and Russia pushed the global price of…
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Petroleum retailers threaten to boycott fuel with temperature above 20 degrees
The Ghana Petroleum Retailers Association has joined calls urging the National Petroleum Authority (NPA) to enforce a directive it gave to Bulk Oil Distributors and oil depots to keep the temperature of their petroleum products at 20 degrees Celsius before it is transported. The National Petroleum Authority in a recent directive aimed at reducing losses…
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Protect Ghanaians from possible US-Iran tensions escalation – COPEC
Even as oil prices drop on the international market, the Chamber of Petroleum Consumers Ghana-COPEC, has called on the government to put in place strategies to protect Ghanaians against a possible hike in oil prices due to any escalation in US-Iran relations in the near future. According to COPEC, the government can consider hedging as…
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COPEC wants gov’t intervention in stabilizing fuel prices
he Chamber of Petroleum Consumers Ghana (COPEC) wants the government to apply the price stabilization levy to cushion consumers from a likely increase in the cost of fuel. Already, industry players have predicted a hike in fuel prices at the pumps by about two percent this month. This prediction is premised on among other things,…
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Article: Time to end petro-politics in Ghana
It was speculated that government was once more going to increase taxes on petroleum products during the 2019 mid-year budget review, contrary to the expectation of Ghanaians. The Minority Caucus in Parliament joined sections of Ghanaians to launch a protest, a situation that often comes up when politicians want to score political points against their…
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‘We’ll picket at Finance Ministry if increases in energy levies are not reversed’–COPEC
The Chamber of Petroleum Consumers Ghana (COPEC) has indicated that it will engage the Finance Minister to reverse a decision to increase some components in the petroleum price buildup. The group, however warned that it will picket at the Finance Ministry if all attempts aimed at getting the government to overturn the decision fails. The Finance…
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COPEC pleased with compensation package for cheated fuel consumers
The Chamber of Petroleum Consumers (COPEC) has expressed satisfaction at steps taken by some Oil Marketing Companies to compensate consumers for shortchanging them. Checks by the Chamber confirmed findings of the Ghana Standards Authority (GSA) which revealed that ten fuel stations all in Accra under deliver fuel to consumers. “Copec endorses the actions and steps…