COPEC Archives - Wontumi Online

15 Jul

Fuel Prices Set To Increase By 4% On July 16 – COPEC

Wontumi1BusinessCOPEC, fuel prices

The prices of petrol, diesel, and LPG will all see a 4% rise starting on Tuesday, July 16, 2024, as announced by the Chamber of Petroleum Consumers (COPEC). Duncan Amoah, the Executive Secretary of COPEC, attributed this increase in prices to changes in global petroleum Free on Board (FOB) prices and the depreciation of the local currency. Currently, the Cedi is selling at GH¢15.66 to $1 and GH¢20.27 for £1 at various forex bureaus. Previously, petrol was priced at GH¢14.795 per litre, while diesel was GH¢15.332 per litre at various pumps. The mean price for petrol and diesel from Tuesday…

26 Feb

COPEC, IES Demand Transparency From NPA Regarding Sanctions On Sentuo Oil Refinery

Wontumi1BusinessCOPEC, NPA

The Institute for Energy Security (IES) and the Chamber of Petroleum Consumers (COPEC) have urged the National Petroleum Authority (NPA) to disclose the sanctions imposed on the Chinese-owned Sentuo Oil Refinery (SORL). Expressing concerns on Wednesday, February 21, 2024, the two energy think tanks criticized the NPA for what they perceive as leniency towards Sentuo Oil Refinery’s operations. They highlighted issues such as operating without the required permit and supplying fuel of questionable quality. COPEC and IES also threatened legal action to compel the refinery to comply with regulations. They also called for an investigation by the Office of the…

15 Aug

Petrol To Sell At GH¢12.97, Diesel GH¢13.43 Per Litre From August 16 – COPEC

Wontumi2BusinessCOPEC, fuel

The Chamber of Petroleum Consumers (COPEC) has noted that there will be an increase in the prices of petroleum products. According to the Executive Secretary of COPEC, Duncan Amoah, petrol and diesel may increase by 5.7%. Currently, petrol and diesel are selling at GH¢12.95. COPEC added that the price of LPG will also increase to about 11.9% within the same period. He said: “Indications are that Petrol and Diesel pump prices are likely to increase averagely by about 5.7% over the current mean price of GHS12.45/L across the country whilst LPG prices increase by about 11.9%. “The following basic information…

31 Jul

Fuel Prices Expected To Go Up By 9.0% From August 1, 2023 – COPEC

Wontumi1BusinessCOPEC, Diesel, LPG, Petrol

Fuel prices are expected to go up from tomorrow August 1, 2023, the Chamber of Petroleum Consumers (COPEC) has disclosed. According to the Chamber, the prices of petrol and diesel are likely to increase averagely by about 9.0% over the current mean price of ¢11.90 per liter, whilst the price of Liquefied Petroleum Gas (LPG) goes up by about 20.0%. Petrol will therefore sell at ¢13.27 per liter, whilst diesel will go for ¢13.93 per liter. A 4.5 kilogramme LPG cylinder, is expected to sell at ¢170.91 within the window. All pump prices are expected to be within ±5% error…