There are strong indications that consumers will be paying more for fuel beginning September 1.
According to a forecast and predictions by the Chamber of Petroleum Consumers Ghana (COPECGH) there will be an upward adjustment in pump prices by between 4-7% across most Bulk Distribution Companies (BDCs).
A statement signed by the chamber’s executive secretary, Duncan Amoah BDCs revealed that BDCs who were charging 1.48/litre before taxes have moved to 1.71/litre and likely to result in pump prices going up by same margins.
“The downstream price deregulation programme continues to be closely monitored and looks likely to roll to the second phase which allows the various oil marketing companies to charge different prices at their various stations across the country though we understand the national petroleum is asking for it to be put on hold.”
Meanwhile, transport operators have served notice that an increase in fuel prices will lead to charging of different transport fares at different parts of the country depending on how cheap or expensive pump prices are.