Executive Director of COPEC, Duncan Amoah
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has called on the government to urgently take action on the recent hike in fuel prices.
According to him, the continuous increase in fuel prices could further strain consumers’ finances.
Speaking to Citi Business News, Amoah stressed the need for the government to implement a strategic plan to address the issue and provide relief to consumers.
He stated, “Clearly, we are not out of the woods, and something has to give. A plan or a strategy needs to be in place to cushion all of us. You can’t continue to have your refinery down. You can’t continue to import everything.”
Oil Marketing Companies have increased the prices of petroleum products in the first pricing window of February 2025.
Star Oil led the price hikes on February 3, 2025, by raising the price of diesel to GH¢15.37 per litre while maintaining the price of petrol at GH¢14.99 per litre.
However, on February 4, 2025, the company further increased the price of petrol to GH¢15.37 per litre.
Shell has set its prices at GH¢16.23 per litre for petrol and GH¢16.20 per litre for diesel.
GOIL’s prices stand at GH¢15.85 per litre for petrol and GH¢15.99 per litre for diesel, while TotalEnergies has priced both petrol and diesel at GH¢16.15 per litre.
SA/MA
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