Fuel prices to go up marginally in next pricing window – COPEC
NEWS
Fuel prices to go up marginally in next pricing window – COPEC
SOURCE: Reporting Oil and Gas | Editor POSTED ON: June 15, 2023
June 15, 2023 CATEGORY: NEWS
The Chamber of Petroleum Consumers (COPEC) has announced
that petroleum prices in Ghana are set to increase slightly in the upcoming
pricing window of June, except for Liquefied Petroleum Gas (LPG).
COPEC attributed the increase to the depreciation of the
cedi against major currencies.
In an interview with Citi Business News, Duncan Amoah, the Executive
Secretary of COPEC stated that petrol and diesel prices are expected to see a rise
ranging between 2% and 5% compared to the current pump prices.
“Fuel products across the country, except for liquefied
petroleum gas (LPG), are likely to rise, albeit marginal. LPG is likely to have
prices sustained or remained at the current level. For petrol and diesel, we
are likely to pay 2% – 5% more on current pump prices and a depreciation of the
cedi largely accounts for this.
“International benchmarks have remained relatively stable
and even declined, unfortunately, you can’t say the same for the local currency
and so give or take what most oil marketing companies are likely to give all of
us is some marginal increase in the next pricing window of June.”
The Executive Secretary of COPEC proceeded to project retail
figures for petroleum products in the next pricing window as follows:
Petrol, GH¢ 12.21/L; Diesel – GH¢12.27/L; Mean price for
Petrol and Diesel – GH¢ 12.24/L and LPG – GH¢ 10.40/L.
Tagged COPEC, LPG, petrol