Fuel prices to go up this month-COPEC

The Chamber of Petroleum Consumers (COPEC) has predicted that the prices of petrol and diesel will increase this month.

In a statement, COPEC said prices of the products may go up by 3.7% and 2.5% respectively, in the 1st Pricing Window of January 2022.

According to COPEC, ex-pump prices of petrol and diesel are expected to increase by 24 and 17 pesewas, respectively.

It has therefore asked consumers to prepare to pay more for the same product.

They argued that if the government suspends the zeroing of the Price Stabilization Recovery Levy on fuel products, then ex-pump prices could surge by at least 34 pesewas.

“The ex-pump prices of petrol and diesel are expected to surge up by 3.7% and 2.5% respectively. In normal terms, ex-pump prices of petrol and diesel are expected to increase by 24 pesewas amnd17 pesewas respectively. The average surge for both products in normal terms is 20 pesewas representing 3.1%.”

“Some OMCs could increase their products less than the 20 pesewas increase due to competition.”

Read the full statement below

By: Rashid Obodai Provencal/Rainbowradioonline.com/Ghana

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