Petrol prices to increase to GH11 per litre soon; diesel prices to fall — COPEC

Date:

The Chamber of Petroleum Consumers-Ghana (COPEC) is predicting the price of petrol at fuel pumps may hit almost GH¢11 by the close of the week.

However, prices for Diesel and Liquefied Petroleum Gas (LPG) are to reduce by 40 pesewas per litre and 17 pesewas per kilogram, respectively.

The National Petroleum Authority, as part of its price deregulation process, employs a two-week inventory window for the adjustment of prices of petroleum products every month.

Currently, the price of petrol at major fuel stations is a little shy of GH¢10 per litre, while other petroleum products like Diesel and LPG are selling for over GH¢10 per litre and kilogram respectively.

Speaking to Citi News, the Executive Director for COPEC, Duncan Amoah says consumers should brace themselves to pay more for petrol in the coming days if no intervention is made.

“Petrol will go up to almost GH¢11 For this window, while LPG will decline by as much as 17 pesewas or some 1.61 percent for the first window.”

He further recommended that the Tema Oil Refinery be made operational to stabilise the current trend.

“Getting TOR to work will also forestall some of the challenges we anticipate in the days and months ahead. We impress on authorities to ensure institutions like BOST are not neglected.”

Share post:

Subscribe

Popular

Prove to church instrumentalists you care—Uncle Ato to church leaders.

Ghanaian gospel musician Uncle Ato is unhappy about how...

Election 2024: I’ll hold a national dialogue on education—Mahama.

The flag bearer of the National Democratic Congress (NDC),...

Youth in Prayer Collaborates With Action Chapel For All-Night Vigil.

As Ghana prepares for the December 7 presidential and...

Archbishop of Canterbury Justin Welby resigning amid outrage over child abuse cover-up scandal in CofE.

Archbishop of Canterbury Justin Welby, leader of the Church...

More like this
Related