#Chamber of Petroleum Consumers-Ghana (COPEC)

[xylosemagazine]

The Chamber of Petroleum Consumers-Ghana (COPEC) anticipates a slight decrease in gasoline product p

[ghanashowbizonline]

GH Trends - Petrol prices expected to remain stable in October

Petroleum product prices in Ghana will remain unchanged for October due to stability in international oil prices and the local currency. Oil Marketing Companies (OMCs) will absorb a potential 1% increase in costs, ensuring competition keeps prices consistent. This announcement from the Chamber of Petroleum Consumers (COPEC) offers financial relief amidst ongoing economic uncertainties and global…

[kumasionlinegh]

COPEC now cheerleader for OMCs instead of fighting for fuel users

COPEC now cheerleader for OMCs instead of fighting for fuel users

The Chief Policy Analyst at the Ghana Institute of Public Policy Options Dr. Charles Wereko-Brobby has lashed out at the Chamber of Petroleum Consumers (COPEC) for doing little or nothing in fighting for petroleum users in the wake of consistent rise in fuel prices. Dr. Wereko-Brobby accused COPEC of currently being the chief cheerleader for Oil Marketing Companies (OMCs) in announcing annoying…

[dnewstrending]

Fuel prices to hit GHS18/litre in December if government doesn’t intervene – COPEC – Citi Business News

Fuel prices to hit GHS18/litre in December if government doesn’t intervene – COPEC – Citi Business News

If steps are not taken to curb the rampant increase in the prices of fuel at the country’s filling stations, the Chamber of Petroleum Consumers Ghana (COPEC) predicts that fuel prices could reach GHS18 per litre by the end of the year. ‘We are now hitting GHS15 per litre for fuel,’ according to Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC), who was speaking…

[tubeafriqtv]

Fuel prices to go up by 5.5% from August 16 – COPEC

Fuel prices to go up by 5.5% from August 16 – COPEC

Prices of petroleum products are expected to see a rise beginning today, August 16 as part of the adjustments for the 2nd pricing window of August. This was revealed by the Executive Secretary for Chamber of Petroleum Consumers-Ghana (COPEC), Duncan Amoah. According to him, despite a reduction in price of crude oil on the international market, the depreciation of the cedi continues to impact…

[mynewsexplorer]

Fuel prices to go up by 5.5% from August 16 – COPEC

Fuel prices to go up by 5.5% from August 16 – COPEC

Prices of petroleum products are expected to see a rise beginning today, August 16 as part of the adjustments for the 2nd pricing window of August. This was revealed by the Executive Secretary for Chamber of Petroleum Consumers-Ghana (COPEC), Duncan Amoah. According to him, despite a reduction in price of crude oil on the international market, the depreciation of the cedi continues to impact…

[obuabamedia]

NPA assures of reduction in fuel prices in coming months

The National Petroleum Authority (NPA) has assured the public of a reduction in the prices of fuel in the coming months locally. This is based on anticipation of the drop in the price of crude oil on the international market. Already, the Chamber for Petroleum Consumers Ghana (COPEC) has hinted of a six percent drop in prices at the pumps in the coming days. Currently, diesel is almost GH¢15 per litre while petrol sells for over GH¢11 per litre at the pumps. Some filling stations over the weekend recorded some marginal price drops. Speaking to Citi News, the Chief Executive Officer of NPA, Dr. Mustapha Abdul-Hamid was optimistic that fuel prices will drop. ”We have enough fuel in the country to meet the demands. There should be no concern regarding the supply of diesel, especially.” After a rampant increase in the price of fuel at the pumps, consumers seem pleased with the recent drop in prices at some fuel stations and are hopeful of further reductions in the coming months. This comes as some Oil Marketing Companies across the country reduced their prices by up to 60p per litre over the weekend. Read the full article

[ghanafinancialmarket]

Ghana Diesel Up by 30.41% To Gh¢10.721 per litre And Petrol Up by 18.25% to GH¢9 – COPEC

Ghana Diesel Up by 30.41% To Gh¢10.721 per litre And Petrol Up by 18.25% to GH¢9 – COPEC

Ghanaians will soon be buying diesel and petrol at GHS10 and GHS9 per litre at the pumps from Wednesday, 16 March 2022, the Chamber of Petroleum Consumers Ghana (COPEC) has projected. In a statement, COPEC put the impending spike on soaring crude prices on the international market coupled with the tumbling of the cedi against the US dollar and other major currencies of trade. COPEC said Free On…

[kayjnrblog]

Fuel prices to go up by 30 pesewas – COPEC reveals

Fuel prices to go up by 30 pesewas – COPEC reveals

The Chamber of Petroleum Consumers Ghana (COPEC) has hinted that fuel prices could go up by 30 pesewas soon. According to COPEC’s Executive Secretary, Duncan Amoah, “From 16th February 2022, at FOB price of $880.79, our projected ex-pump price is GH₵7.764, so it’s expected that the max ex-pump price shall be hovering around GH₵7.750” Presently, prices on the market are at an average of GH₵6.4 per…

[baknewschannel]

Officials of MoF failed to show up with GPRTU & MoT

Officials of MoF failed to show up with GPRTU & MoT

Officials from the Ministry of finance (MoF) failed to show up at a meeting between GPRTU, and the Ministry of transport on Wednesday, 24th November, 2021. This was disclosed by the Executive Director of the Chamber of Petroleum Consumers Ghana (COPEC) Duncan Amoah in an interview. Mr Duncan Amoah described the absence of the Finance Ministry as “shocking and disappointing”. The meeting was…

[ghanashowbizonline]

Petrol and diesel expected to increase by 5.7% today

Starting today, August 16, 2023, motorists in Ghana should brace themselves for a potential 5.7% average increase in petrol and diesel prices, as predicted by the Chamber of Petroleum Consumers (COPEC). This anticipated rise comes in the wake of an 11.00% surge in international finished product prices and a 6.79% increase in crude oil prices. Even though the forex rate has seen a slight decrease,…

[okesemediaposts]

Fuel prices to be increased by 2-4% – COPEC

Fuel prices to be increased by 2-4% – COPEC

The Chamber of Petroleum Consumers (COPEC) has hinted of an increase in fuel prices in Ghana between 2-4%. Petroleum products have been increased about four times in the spate of two months. COPEC attributed the situation to the Coronavirus pandemic and the current situation in Texas. Winter storms knocked out about a dozen refineries in Texas, leading to a sharp run-up in prices of…

[nsempafie]

Overnight fuel hikes: COPEC raises alarm Business News of Monday, 9 December 2019 Source: adomonline.com Duncan Amoah, Executive Secretary, COPEC The Chamber of Petroleum Consumers-Ghana (COPEC) is raising alarm over what they are almost a 1 per cent increase in fuel at the pump since 7:00 pm on Friday.

[tubeafriqtv]

LPG prices to drop by 2%; petrol and diesel to shoot up by 3% - COPEC

Consumers of Liquified Petroleum Gas should expect some reduction in the price of the product in the coming days as the Chamber of Petroleum Consumers Ghana (COPEC) is projecting a drop of up to 2%. However, prices of petrol and diesel are expected to go up by 3% this month. LPG is anticipated to sell for about GHS10.093/kg. This comes after users of LPG raised concerns about the sporadic…

[mynewsexplorer]

LPG prices to drop by 2%; petrol and diesel to shoot up by 3% - COPEC

Consumers of Liquified Petroleum Gas should expect some reduction in the price of the product in the coming days as the Chamber of Petroleum Consumers Ghana (COPEC) is projecting a drop of up to 2%. However, prices of petrol and diesel are expected to go up by 3% this month. LPG is anticipated to sell for about GHS10.093/kg. This comes after users of LPG raised concerns about the sporadic…

[247newsgh-blog]

Ghanaians are suffering, reduce the fuel prices – Petroleum workers union begs government

The National Secretariat of the General Transport, Petroleum and Chemical Workers Union (GTPCWU) of TUC (Ghana) has raised concerns the incessant increases in fuel prices and its impact on prices of other goods and services. According to the Union, Ghanaians are struggling as a result of the frequent hikes in fuel prices. In a statement, the Union reminded government to be mindful of the implications of these sharp increases in taxes on Ghanaians and take steps to relieve them. “The fuel price increase is coming from the many taxes and fees that are being levied on Ghanaians. The taxes are high and too many leading to a worsening of the living standards of Ghanaians. The tax on fuel alone is between 40%-45% of the fuel price. Government must immediately reduce the tax to lessen the burden on Ghanaian workers." “Fuel prices are being increased indiscriminately. This development does not bode well for the living conditions of workers, their families and Ghanaians in general and it must be halted”, the statement added. We call for decorous discussions about ending the suffering of workers and Ghanaians. Government must seek to fulfill its promise of making the lives of Ghanaians better. “We are calling for a reduction in the taxes to ease the difficulties of workers. We hope and believe that this piece will go a long way to send a signal to government on the appalling and harsh conditions faced by the Ghanaian worker and the society, in general, to enable it take a position to rectify them without delay." It emerged that, pump prices have shot up from the previous GHC5.19 per litre to about GHC5.39 for a litre representing a 3.7% jump in previous figures at the pumps. Energy think tank, the Chamber of Petroleum Consumers (COPEC) attributed the recent fuel hike to the increase in some components of the energy sector levies. COPEC in the statement insisted that the fuel increases should be reversed to reduce the plights of petroleum users. Read the full article