Fuel prices could go up again this week - COPEC
The Chamber of Petroleum Consumers (COPEC) has warned that fuel prices in Ghana could increase further this week as international crude oil and refined petroleum product prices continue to climb. Duncan Amoah, Executive Director of COPEC, stated on Joy FM's Midday News on Monday, June 27, that "You cannot get it any cheaper at this time anywhere. Even in the United States, fuel prices that had declined have gone back up. What you're seeing here is a stark reflection of the kind of prices you are seeing globally."
Mr. Amoah also said that Platts prices, where petrol, diesel, and ATK are traded globally, have really gone up, and he would not be surprised if that goes up again in the course of this week. Petrol is selling at GH₵14.5 per litre and diesel is nearing GH₵18. Transport operators are threatening a 30% fare increase. Mr. Amoah noted that Ghana remains exposed to international price movements because crude supplied to the Tema Oil Refinery (TOR) is purchased on commercial terms.
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The Chamber of Petroleum Consumers (COPEC) has issued a warning regarding potential fuel price increases in Ghana this week. This comes as
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