Fuel Prices to Increase from Monday, May 17 - COPEC states new Prices

Fuel Prices to Increase from Monday, May 17 - COPEC states new Prices

- The Chamber of Petroleum Consumers – Ghana (COPEC) has announced the increment in fuel prices by May 17, 2021

- The Executive Sectary of COPEC, Duncan Amoah, has said the increment has necessary because the commodity has increased in the international market

- In a signed statement, COPEC has released the new prices Ghanaians should brace up for at the fuel pump

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The Chamber of Petroleum Consumers – Ghana (COPEC), has revealed that fuel prices will witness an increase in the next few hours.

The Executive Secretary of the chamber, Duncan Amoah, in a signed statement, said this has become necessary due to the increase of petroleum prices on the international market.

He said the commodity was sold at $520 per metric tonne has now been pegged at about $545 per metric tonne, according to a report sighted by YEN.com.gh on Ghanweb.com.

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Fuel Prices to Increase from Monday, May 17 - COPEC states new Prices
Fuel being dispensed at the pump. Photo credit: UGC

This, the statement says, translates to about 8 cedis per litre at the pump for both petrol and diesel, or about 5% on the international price index.

The above-mentioned figures make about a 1.25% increase in the current pump prices.

Meanwhile, the new increase is coming just 10 days after fuel prices were increased so that it sparked the social media trend #fixthecountry.

The National Petroleum Authority (NPA), in response to the public outcry, reduced fuel prices by 8 pesewas per litre at the pump.

This took effect on Wednesday, May 5, 2021, according to a communique issued on Tuesday, May 4, 2021.

The reduction meant that the recent 17 pesewas increase per litre announced by the NPA has been reduced by 9 pesewas per litre.

In other news, Nana Ama Anamoah has descended on religious organisations and called Christians hypocrites.

In a tweet sighted by YEN.com.gh, Anamoah wondered why Christians are excited about the construction of a national cathedral when some of their members can’t afford basic healthcare.

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She explained that some of the members are dying because of the lack of hospital beds, simple tools for nurses and doctors to work with, yet, these same people are seconding for the cathedral to be built.

Her tweet has earned Anamoah massive criticisms and support from Ghanaians.

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Source: Yen

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