Prices of some petroleum products have gone up by 11 percent for the first pricing window in January. Checks by 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 11 percent. A … Read more
The Chamber of Petroleum Consumers of Ghana has criticised Oil Marketing Companies (OMCs) for increasing fuel prices by as much as 9%. In a statement, COPECGH said pump prices as of “this morning [January 4, 2017] have gone up by over 9% from some of the major oil marketing companies though the majority are yet … Read more
The Chamber of Petroleum Consumers (COPEC) says Ghana is likely to miss out on the January 2017 deadline for the reduction of sulphur content in diesel from 3,300 parts per million (ppm) to 50 ppm. According to the Chamber, although assurances had been given by the standards committee, made up of the National Petroleum Authority … Read more
The Chamber of Petroleum Consumers Ghana has slammed the National Petroleum Authority(NPA), and the Environmental Protection Agency(EPA) for relaxing safety standards regulations after the horror of June 3 disaster hit the country a year ago. The concern of the Chamber comes after the capital city witnessed yet another fire disaster that grieved residents of the … Read more
Chamber of Petroleum Consumers, (COPEC) Ghana is expecting the incoming government to implement a comprehensive transportation policy to regulate transport fares between commuters and transport owners. This call becomes necessary due to unfair treatment commuters experience anytime there is a price adjustment in transport fares. In an interview with JOYBUSINESS, Executive Secretary of the Chamber, … Read more
The Chamber of Petroleum Consumers (COPEC) is advocating for a comprehensive policy document on transportation fares in Ghana. This has become necessary due to what the chamber describes as arbitrary increases in transport fares, when there is a change in prices of petroleum products. Executive Secretary of COPEC, Duncan Amoah says this will prevent the … Read more
The Institute of Energy Security has projected a likely increase in fuel prices for the 2nd window Fuel prices are expected to increase at the various pumps by 2% anytime from December 16, 2016. According to the Institute of Energy Security, projections for the second pricing window show that the increment will span from December … Read more
Fuel prices are expected to increase at the various pumps by 2% anytime from December 16, 2016. According to the Institute of Energy Security, projections for the second pricing window show that the increment will span from December 16 to December 31. Principal Research Analyst at the Institute of Energy Security, Richard Rockson explains that … Read more
The Chamber of Petroleum Consumers Ghana ( COPECGH ) is calling on the security agencies to put in place every the necessary contingency measures to extend the needed protection to the various fuel stations across the country. According to the Chamber, evidence gathered points to potential attacks and explosions at some of these fuel stations in the … Read more
The Chamber of Petroleum Consumers Ghana has announced that fuel prices have gone down at the pump between 1 to 4 percent, barely a week to the December 7 polls. A statement signed by Duncan Amoah, Executive Secretary of the chamber, attributed the drop to the consistent decline in crude prices on the international market. … Read more
Barely a day to the end of the final pricing window for the month of November, prices of fuel across most oil marketing companies (OMCs) have dropped by between 1 and 4.23%, the Chamber of Petroleum Consumers, Ghana has announced A press statement released by Duncan Amoah, Executive Secretary for the Chamber on Wednesday, 30 … Read more
The Chamber of Petroleum Consumers Ghana (COPEC-GH) has asked Oil Marketing Companies (OMCs) operating in the country to review their pump prices downwards in the interest of the public. According to COPEC-GH, a net reduction of between 3 and 8 percent by the OMCs would be deemed fair and reasonable considering the fact that “world … Read more
The National Petroleum Authority (NPA) has revised the national sulphur specification for diesel from 500ppm to 50pm or lower. The reduction is expected to take effect from 1st January 2017. The Tema Oil Refinery has been given a maximum of three years to reconfigure its equipment to meet the given standards of NPA. Authorities say … Read more
The Institute for Energy Security, an energy policy think tank, has described the recent increment in price of petroleum products by some Oil Marketing Companies as “unjustified” and lacking merit. The institute in its projections of how much petroleum products must cost at the pumps said there is no justification in the price increases as … Read more
The National Petroleum Authority (NPA) and the Chamber of Petroleum Consumers Ghana have clashed over reported fuel prices increases. In a statement it issued Monday, October 17, the Chamber of Petroleum Consumers Ghana said that prices had gone up between 8-11 percent effective October 16, 2016. However, the NPA in a sharp rebuttal described the … Read more
The denial by the National Petroleum Authority (NPA) concerning recent reports of fuel price increases smacks of “mischief”, the Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPECGH), Duncan Amoah, has stated. COPECGH had on Monday October 17 announced that fuel prices had gone up between three and 11 per cent in line with … Read more
Fuel prices across various outlets in the country have increased between three and 11 per cent, the Chamber of Petroleum Consumers Ghana (COPEC-GH) has indicated. This follows a review of fuel prices in the country in the second National Petroleum Authority (NPA) interim regulations for the second window in the month of October. Diesel prices … Read more
The Chamber of Petroleum Consumers Ghana, has forecast a likely 7-13 percent fuel price adjustment beginning Sunday October 16. According to the Chamber, “the decision for cuts in OPEC production levels seem to have taken a toll on world price indexes as prices on the world market have surged by between 7-13% as of today. … Read more
The Tema Oil Refinery does not have the capacity to refine 10 parts per million (ppm) sulphur content levels for diesel. That’s according to the Bulk Oil Distributors. On Tuesday, CEO of TOR, Awuah Darko announced that in line with a directive from the NPA to import only 10ppm European standard fuel, it was going … Read more
The Chamber of Petroleum Consumers Ghana (COPEC-GH) is demanding a total ban on all substandard fuels with a high concentration of sulphur. “Our interest as a people is for the very best of standards and regulations and a complete ban on all high sulphur diesel products into the country going forward,” Executive Secretary of COPEC-Ghana … Read more