COPEC welcomes GH¢2 diesel subsidy but urges gov't to pursue long-term fuel strategy
The Chamber of Petroleum Consumers (COPEC) welcomed President John Dramani Mahama's directive for government to absorb GH¢2 on every litre of diesel. COPEC Executive Secretary Duncan Amoah described the intervention as a positive move, stating, "I do think that the government must intervene. It was a very positive intervention." This decision followed a sharp rise in diesel prices, which had pushed the cost close to GH¢20 per litre at some fuel stations.
Mr. Amoah explained that the focus on diesel was due to a significant gap between diesel and petrol prices, with petrol around GH¢14 to GH¢15 per litre, and diesel rising to about GH¢19 and approaching GH¢20 per litre. He noted a variance of almost four Ghana cedis between the two. Mr. Amoah suggested that some relief, perhaps 20 pesewas, could also have been extended to petrol users. He cautioned that fuel subsidies could place pressure on government finances.
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COPEC has welcomed President Mahama's directive for a GH¢2 diesel subsidy, describing it as a positive move. However, the chamber cautions against
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