Tag: COPEC
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Gov’t must review petroleum agreements in Mid-Year budget – COPEC
The Chamber of Petroleum Consumers Ghana, COPEC, has asked government to immediately review all petroleum agreements and possibly consider the subsequent annulment of non-performing contracts in the interest of the country. According to COPEC, the evidence of non-performance from some of the existing contracts does not paint a sustainable picture for the industry as the…
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COPEC calls for stimulus support for public transport operators
The Executive Secretary of the Chamber of Petroleum Consumers, COPEC, Duncan Amoah, says government should consider providing a stimulus package for public transport operators if it seeks to prevent increases in transport fares. Drivers, who ply the Tarkwa-Takoradi route in the Western Region, increased their fares by about thirty percent on Monday June 29, 2020,…
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We’ll keep checking fuel stations to protect consumers – COPEC insists
The Chamber of Petroleum Consumers, COPEC, has justified its decision to check the amount of fuel dispensed to consumers at various fuel stations. The Association of Oil Marketing Companies, OMCs, has criticized the act accusing COPEC of usurping the powers of the National Petroleum Authority, NPA, and the Ghana Standards Authority, GSA, which are mandated…
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Fuel prices may go up if Exchange Rate is not stabilized – COPEC warns
The Chamber of Petroleum Consumers, COPEC, has warned that fuel prices at the pumps may go above five Ghana cedis in a few days if measures are not put in place to stabilize the cedi against the dollar. COPEC says the continuous depreciation of the cedi increased the price of a liter of petrol by…
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Minority calls for withdrawal of 100% increment in BOST margin
The Ranking Member on the Mines and Energy Committee of Parliament, Adam Mutawakilu, is asking the government to immediately withdraw the increment in the BOST margin announced by the National Petroleum Authority (NPA). He said the decision to increase the margin amidst the COVID-19 pandemic is unfortunate. He said the Minority in Parliament is concerned…
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Pricing of Atuabo Gas, pressure and quality must be checked – COPEC
The Chamber of Petroleum Consumers (COPEC) is demanding an independent public testing of random samples of Liquefied Petroleum Gas (LPG) from retail outlets supplied by the Ghana National Gas Company from its Atuabo Plant. They are also calling on the company to declare the ratio of Propane to Butane in the LPG produced from Atuabo.…
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COPEC’s claims about LPG from Atuabo gas plant misleading – Ghana Gas
The Ghana National Gas Company Limited (GNGC), has described as misleading and mischievous claims by the Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Mr. Duncan Amoah, that LPG supplied by Ghana Gas at its Atuabo Gas Processing Plant is more expensive compared to imported LPG. According to GNGC, it is mindful of its…
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COPEC pushes for reduction in LPG price from Ghana Gas amid complaints by OMCs
The Chamber of Petroleum Consumers, COPEC, is calling on the Ministry of Energy to address some issues with Liquefied Petroleum Gas, LPG, supplied by the Ghana National Gas Company, which have contributed to the increase in the price of the product in some parts of the country. According to COPEC, LPG supplied by Ghana Gas…
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COPEC, IES back calls for an increase in BOST Margin
Civil Society Organizations, Chamber of Petroleum Consumers (COPEC), and the Institute of Energy Security (IES), have backed calls from the Bulk Oil Storage and Transportation Company (BOST) for an increase in the BOST Margin in the petroleum price build-up from 3 pesewas to 12 pesewas. According to them, if the Margin is increased, BOST can…
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Increase our Margin to maintain our Infrastructure – BOST MD
The Managing Director of the Bulk Oil Storage and Transportation Company, BOST, Edwin Provencal, says there is the need for the BOST margin in the petroleum price build-up to be increased from 3 pesewas to 12 pesewas. He says the current margin is woefully inadequate to put the company in a strategic position to fix…