The Chamber of Petroleum Consumers (COPEC) has asked the government to introduce measures to stop the increase in fuel prices.
According to the Chamber, fuel prices have shot up from GH¢4.67 to GH¢5.10 per litre within the spate of a month.
The Chamber said although these increases cannot be directly attributed to a deliberate governmental action, authorities have a responsibility to put in place measures to forestall them.
It also called for a âclear, effective, national petroleum price sustainability programmeâ in order to control these increases
Two days into 2020, the Institute of Energy Security (IES),
Fuel prices within the second Pricing-window of December 2019 saw the majority of the Oil Marketing Companies (OMCs) maintaining the prices of Gasoline and Gasoil unchanged.
Devise measures to curb fuel price increment – COPEC to gov t LISTEN
JAN 17, 2021
Chamber of Petroleum Consumers (COPEC) has asked government to introduce measures to stop the increase in fuel prices.
According to the Chamber, fuel prices have shot up from Ghc 4.670 to Ghc 5.10 per litre within the spate of a month.
The Chamber said although these increases cannot be directly attributed to a deliberate governmental action, authorities have a responsibility to put in place measures to forestall them.
It also called for a “clear, effective, national petroleum price sustainability programme” in order to control these increases
Two days into 2020, the Institute of Energy Security (IES), predicted an increase in fuel prices at the pumps.
The Institute for Energy Security (IES) has noticed the promise made by the President of the Republic His Excellency Nana Addo-Dankwa Akufo-Addo during his swearing-in to ensure 100 percent electricity coverage in Ghana by the end of his second term.
PURC investigates prepaid complaints by ECG customers
The Public Utilities Regulatory Commission (PURC) has said it is keenly investigating complaints of challenges being experienced by ECG Pre-paid customers nationwide.
In a Press Statement issued by the regulator said: “It has come to the notice of the Public Utilities Regulatory Commission (PURL), complaints from a number of prepayment meter customers within the Electricity Company of Ghana (ECG) operational areas on irregularities they are facing in vending for power, the statement signed by the Executive Secretary, Mami Dufie Ofori said.
The PURC however assured that it will take the appropriate regulatory actions when investigations are completed.
This is according to a review by the Institute for Energy Security (IES).
Oil Marketing Companies (OMCs) maintained prices of gasoline and gasoil at the pump with a few of them increasing their prices.
The increase in prices was in response to international developments.
Currently, the national average price of fuel per litre at the pump is GH¢4.57.
According to IESâ market scan, âZen Petroleum, Benab Oil, Petrosol and Frimps Oil sold the lowest price per litre of gasoline and gasoil at the pump.â
The Ghana cedi also lost its stability marginally against the US Dollar by 0.52 percent to trade at an average price of GH¢5.79 over the first pricing window for the month of December.