Fuel prices to go up by 4% - COPEC

Consumers of petroleum products will pay more for fuel when they visit the pump. This is according to the Chamber of Petroleum Consumers (COPEC).

The Chamber of Petroleum Consumers (COPEC) says it can confirm a 4% increase in fuel prices at most of the filling stations.

“We can confirm that fuel prices across some pumps have been adjusted by as much as 4%,” the Executive Secretary of COPEC, Ghana, Duncan Amoah said.

His claim is in sharp contradiction to the announcement made by the National Petroleum Authority that prices of LPG and petrol at the pumps would remain unchanged from January 1, 2018.

“These increases coming on the back of an earlier threat by the GPRTU on its intended transport fare increases will certainly put a lot of pressure of the consuming and commuting public.

“We reiterate our calls on the government to take a second look at the current price build up as we believe these increases will continue for a very long time if nothing is done about the pricing template and the numerous taxes,” Mr Amoah opined.