COPEC

Fuel Prices To Go Down From Tomorrow, November 16, 2024 – COPEC
15 Nov

Fuel Prices To Go Down From Tomorrow, November 16, 2024 – COPEC

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Barring any unforeseen circumstances, fuel prices will decrease starting tomorrow, November 16, 2024. According to the Chamber of Petroleum Consumers (COPEC), the price of petrol is expected to drop by about 5.06%, and diesel by 3.88%. The price of Liquefied Petroleum Gas (LPG) is also forecasted to decrease by about 1.14%. COPEC attributed this forecast to a decline in the price of crude oil on the world market by 0.72%, from $74.63 per barrel to $74.09 per barrel, although the cedi continues to depreciate relative to the dollar. The price of petrol will be GH¢13.582 per litre, while diesel will…
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Fuel Prices Set To Increase By 4% On July 16 – COPEC
15 Jul

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

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

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

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

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

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

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

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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…
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Fuel Prices To Rise Marginally In Next Pricing Window – COPEC
14 Jun

Fuel Prices To Rise Marginally In Next Pricing Window – COPEC

wontumionlineBusiness,
The Chamber of Petroleum Consumers (COPEC) has predicted a marginal increment in fuel prices in this pricing window. According to the Executive Secretary of COPEC, Duncan Amoah, petrol and diesel prices are expected to see an increment between 2% and 5% compared to the current prices at the pump. He stated that the increase in petroleum products is due to the depreciation of the local currency - Cedi against the major trading currency - dollar. He however noted that Liquefied Petroleum Gas (LPG) prices remain unchanged. In an interview with Citi News, Duncan Amoah said, “Fuel products across the country,…
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Petrol Price To Go Up By 2%, Diesel To Drop By 5.58% – COPEC
15 Apr

Petrol Price To Go Up By 2%, Diesel To Drop By 5.58% – COPEC

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The Chamber of Petroleum Consumers(COPEC) has projected petrol prices to increase by 2%, while diesel price drops by 5.58% during the next pricing window which takes effect from 16, April, 2023. Petrol is therefore expected to be sold at between GHS11.79/L and GHS13.03/L. Diesel is expected to be sold at between GHS11.40/L and GHS12.60/L*_ Below is the full statement by COPEC PROJECTIONS FOR THE NEXT PRICING WINDOW BEGINNING 16 APRIL 2023 The second pricing window of the month of April is due in the next 48 hours from which prices of fuel at the various pumps will either decline, stabilise…
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Petrol, Diesel Now Sell At ¢15.25, ¢15.90 Per Litre At Pumps
01 Feb

Petrol, Diesel Now Sell At ¢15.25, ¢15.90 Per Litre At Pumps

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Some Oil Marketing Companies(OMCs) have started increasing prices of petroleum products at the pumps from today, Wednesday, February 1, 2023 as anticipated. One of the market leaders, GOIL, is now selling a litre of petrol at ¢15.25, from the previous ¢13.60. Diesel on the other hand is going for ¢15.90 per litre, from the previous ¢15.52. Other OMCs are expected to follow suit by announcing new fuel prices later today. Ahead of the announcement of increases in fuel prices today, the Institute for Energy Security (IES) predicted between 7% and 13% jump in the prices of petrol, diesel and Liquefied…
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Gold For Oil: Fuel Prices To Drop This week – COPEC
23 Jan

Gold For Oil: Fuel Prices To Drop This week – COPEC

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The Executive Director for the Chamber of Petroleum Consumers, Ghana (COPEC), Duncan Amoah is predicting a decline in the price of petroleum products if the oil secured by government is distributed this week. The pricing window last Saturday, January 21, 2023, saw soar in the prices for the second pricing window after several weeks of decline. Many stakeholders have attributed the decline to the instability of the local currency against the dollar. In order to ensure constant decline of the prices of petroleum products in the country, the government began the “Gold for oil policy”. On January 15, 2023, the…
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Reduce LPG Prices Now To Reflect Latest Pricing Window – COPEC Tells Marketers
06 Jan

Reduce LPG Prices Now To Reflect Latest Pricing Window – COPEC Tells Marketers

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The Chamber of Petroleum Consumers (COPEC) Ghana is demanding a significant reduction in the prices of Liquefied Petroleum Gas (LPG), after prices of some petroleum products fell in the recent pricing window. The Chamber’s call is coming at a time prices of diesel and petrol went down by about 8% on January 1, 2023. However, prices of LPG remained unchanged. The LPG Marketers Association of Ghana has blamed the situation on high taxes But speaking to Joy Business, Executive Secretary of COPEC, Duncan Amoah said there is no justification for LPG prices to remain unchanged. “LPG should have seen the…
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