Fuel prices to go up by 4% - COPEC

Fuel prices to go up by 4% - COPEC

- Fuel prices that used to trade at GHc4.490/litre for both petrol and diesel have seen an increment to 4.670, a difference of about 18p

- The Chamber of Petroleum Consumers (COPEC) says fuel prices at most of the filling stations are up by 4%

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Consumers of petroleum products will pay more for fuel when they visit the pump. This is according to the Chamber of Petroleum Consumers (COPEC).

Fuel pumped into a vehicle
Fuel prices to go up by 4% - COPEC

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The Chamber of Petroleum Consumers (COPEC) says it can confirm a 4% increase in fuel prices at most of the filling stations.

We can confirm that fuel prices across some pumps have been adjusted by as much as 4%,” the Executive Secretary of COPEC, Ghana, Duncan Amoah said.

His claim is in sharp contradiction to the announcement made by the National Petroleum Authority that prices of LPG and petrol at the pumps would remain unchanged from January 1, 2018.

These increases coming on the back of an earlier threat by the GPRTU on its intended transport fare increases will certainly put a lot of pressure of the consuming and commuting public.

“We reiterate our calls on the government to take a second look at the current price build up as we believe these increases will continue for a very long time if nothing is done about the pricing template and the numerous taxes,” Mr Amoah opined.

The Ghana Private Roads and Transport Union (GPRTU) had earlier warned its members that they are more likely to be kicked out of work if transport fares are not increased.

"We have fought hard not to increase the fares. The tyres that we use, the rings that we buy in overhauling our vehicles, the bearings; almost everything has gone up. With this, we have no choice but to increase fares to mitigate the impact,“ the vice chairman of GPRTU, Robert Saba, stated in an interview with Citi FM.

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Source: YEN.com.gh

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