Prices of petroleum products have dropped at the pumps by 2-3%, according to the Chamber of Petroleum Consumers. “Indications from some of the major downstream players point to some 2-3% reductions from current pump prices averaging around 4.320 across most OMCs. “The Cedi which has over the past weeks contributed to rising fuel prices in … Read more
Retail prices of petroleum products will from Thursday drop by a marginal three per cent at the various pumps across the country, and has been predicted to further go down in April this year, 3News can authoritatively report. The reduction in prices have been occasioned by the fall in crude oil prices on the world … Read more
The National Chairman of the Ghana Private Road Transport Union (GPRTU), Mr Kwame Kumah, has said there has not been any increase in transportation fares. He said recent increases in fuel prices had not yet precipitated any increase in transport fares. He said transport unions, taking cognisance of the fact that there was a new … Read more
National Chairman of the Ghana Private Road Transport Union (GPRTU), Mr Kwame Kumah, has said there has not been any increase in transportation fares. He said recent increases in fuel prices had not yet precipitated any increase in transport fares. He said transport unions, taking cognisance of the fact that there was a new government … Read more
Member of Parliament’s Mines and Energy Committee, Adams Mutawakilu, has cautioned government to focus on fixing the depreciating cedi rather than undermining efforts of previous government. “They said they are the good managers of the economy, Vice President Dr Mahamudu Bawumia claimed he knows everything…he should fix it quickly,” he said. Speaking on Joy FM’s … Read more
The Chamber of Petroleum Consumers (COPECGH) has charged relevant authorities in the country to ensure that unreasonable fuel price increments are curtailed. According to a press release signed and released by the Executive Secretary of COPECGH, Duncan Amoah, “The current spate of fuel price increases is simply unsustainable and must be a top priority for … Read more
The Chamber of Petroleum Consumers(COPEC) has discredited reports that fuel prices will go up this week. The Institute of Energy Security (IES) predicted a 3 percent increase in fuel prices for the 2nd pricing window. Checks by Citi business News also indicates that fuel prices at Total and Shell fuel pumps have gone up as … Read more
The Chamber of Petroleum Consumers Ghana (COPECGH) has noted that prices of petroleum products in the country will remain fairly stable. A statement signed by Duncan Amoah, Executive Secretary, COPECGH said: “The start of the second pricing window for the month of February, which begun on the 16th of February has been met with mixed … Read more
All things being equal, fuel prices will not travel beyond 15 percent increase in 2017, some industry analysts anticipate. This is largely due to a forecast that the price of oil will end the year at US$57.0 per barrel on the average compared to the February 9 front-month price of US$55.6 per barrel, according to … Read more
The government of Ghana has no justifiable reason to continue with the Energy Sector Levy imposed by the previous administration, Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC-GH), has indicated. The National Democratic Congress government introduced the energy sector levy which resulted in a 38 per cent increment in the price … Read more
The Chamber of Petroleum Consumers is calling on the various Bulk Distribution Companies (BDCs) and Oil Marketing Companies (OMCS) to reduce fuel prices between 1-4% to ease the current pressures on the pockets of Ghanaian petroleum consumers. CPC expects that fairness under price deregulation which dictates prices should reflect current trends and market dynamics will … Read more
The Chamber of Petroleum Consumers (COPEC) has blamed the continuous fall of the cedi against the dollar for the recent price hikes of fuel at the pumps. According to COPEC, the situation has resulted in speculations leading to an increase of about 4 to 10 percent in fuel prices. Fuel prices at the pumps saw … Read more
The New Patriotic Party (NPP) government must reduce taxes and other levies on petroleum in order to cushion consumers from the rising cost of fuel, the Chamber of Petroleum Consumers-Ghana (COPEC-GH) has admonished. The Chamber’s call comes in the wake of fuel price increments by some Oil Marketing Companies (OMCs) of between two and 10 … Read more
The Chamber of Petroleum Consumers (COPEC) has blamed the continuous fall of the cedi against the dollar for the recent price hikes of fuel at the pumps. According to COPEC, the situation has resulted in speculations leading to an increase of about 4 to 10 percent in fuel prices. Fuel prices at the pumps saw … Read more
The Chamber of Petroleum Consumers has called on government to review some tariffs on petroleum products to reduce the cost of petrol at the pump as a matter of urgency. In the first pricing window of 2017, prices of some petroleum products went up by 11 percent. But the chamber believes a possible review will … Read more
The Chamber of Petroleum Consumers has called on government to review some tariffs on petroleum products to reduce the cost of petrol at the pump as a matter of urgency. In the first pricing window of 2017, prices of some petroleum products went up by 11 percent. But the chamber believes a possible review will … Read more
The Chamber of Petroleum Consumers (COPEC) has called on government to review the special petroleum tax levy. This they say will clamp down on the constant increase of fuel prices. Prices of some petroleum products went up by between 8 and 11 percent for the first pricing window in January, with many describing the development … Read more
The Chamber of Petroleum Consumers(COPEC) has called on government to review the special petroleum tax levy. This they say will clamp down on the constant increase of fuel prices. Prices of some petroleum products went up by between 8 and 11 percent for the first pricing window in January, with many describing the development as … Read more
Consumers of petroleum products should brace themselves to pay more at the pumps as the Chamber of Petroleum Consumers (COPEC) suggests increment in fuel prices. According to COPEC, the increase would be between 9 and 12 percent, a situation the chamber describes as worrying. COPEC is therefore calling on government and other stakeholders to revise … Read more
Prices of some petroleum products have gone up by 11 percent for the first pricing window in January. Checks by Citi Business News indicate that the price of a litre of petrol has gone up between 8 and 11 percent while the same quantity for a litre of diesel has gone up between 9 and … Read more