Tag: COPEC
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COPEC urges OMCs to deliver value for money; commends GOIL’s high-grade fuel
Executive Director of the Chamber of Petroleum Consumers-Ghana (COPEC), Duncan Amoah, has called on Oil Marketing Companies, (OMCs) nationwide to ensure that Ghanaians get the best grade of fuel to protect their cars and the environment. This follows Ghana Oil Company’s (GOIL) introduction of a higher-grade petrol, RON 95, fuel type unto the market. Mr.…
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COPEC urges Gov’t to tread cautiously over increasing cost of LPG
The Chamber of Petroleum Consumers (COPEC), says the implementation of government’s Cylinder Re-circulation policy and the efforts to get more Ghanaians to use LPG for domestic purposes, may come to naught if the rising cost of LPG is not reversed. LPG prices at the pumps have risen significantly affecting both commercial and domestic users. According…
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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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BOST must justify any increase in its margin on petroleum prices – IES
The Institute for Energy Security (IES), says managers of the country’s petroleum sector could have a stronger case to increase the BOST margin on petroleum products only if BOST accounts for its use of the revenue. It follows a withdrawal of the proposed one hundred percent increase in the BOST margin on the prices of…
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Withdraw ‘insensitive’ increase in BOST margins – COPEC to NPA
The Chamber of Petroleum Consumers (COPEC), wants the National Petroleum Authority (NPA), to withdraw an increment it has introduced to some petroleum products. The National Petroleum Authority on Friday directed Oil Marketing Companies (OMCs) and LPG Marketing Companies to apply an upward review of a combined 4 pesewas increase in fuel prices, but COPEC says…
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COPEC raises alarm over sub-standard diesel; calls on regulators to act
The Chamber of Petroleum Consumers (COPEC), is asking government agencies responsible for the petroleum sector and standards to rid the market of sub-standard diesel being sold by some fuel stations. The product, known as harbour load or black oil according to COPEC, could ruin vehicle engines. Executive Secretary of COPEC, Duncan Amoah, is thus calling…
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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…
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COPEC calls for removal of stabilisation levy on fuel prices
The Chamber of Petroleum Consumers (COPEC) is impressing on the National Petroleum Authority (NPA) and the Ministry of Finance to remove the stabilization levy on prices of petroleum products if they are to protect the interest of consumers. COPEC maintains that the seeming inability to utilize the levy to cushion consumers when global crude oil…