Petroleum prices

Duncan Amoah, the Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has suggested that the prices of petroleum products may see a continuous increase for the next two to three months. This comes in the wake of oil marketing companies implementing price hikes ranging from 3% to 8% over the weekend. Analysts attribute this surge to a combination of the upward movement in crude prices on the international market, the recent depreciation of the cedi against the dollar, and adjustments in levies and margins by the National Petroleum Authority (NPA). Amoah cautioned that projections indicate this upward trend is…