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Expect to pay more for petrol and diesel – COPEC

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Ghanaians are expected to pay more for petrol and diesel in the coming days. This is according to the Chamber for Petroleum Consumers – Ghana (COPEC). 

Speaking to Mark Smith on the Day Break Upper East Show, the Monitoring and Evaluation Officer for COPEC, Sampson Addae explained that while fuel has remained stable on the international market, the poor performance of the cedi has caused an increase of the products on the Ghanaian market.

“Petrol and diesel would go up marginally while LPG would go down marginally. For petrol, we are looking at an increment of about 2.6 percent and diesel would also increase by 2.4 percent.”

“It is the depreciation of the cedi [that is accounting for the increase in the prices] even though prices on the international market for petrol and diesel remain stable. The BDCs would want to account for the losses in the forex,” he said. 

On the issue of the Gold for Oil policy, Mr. Addae explained that the quantities brought in remain inadequate to make any proper impact on the Ghanaian market. 

Source: A1radioonline.com|101.1MHz|Mark Kwasi Ahumah Smith|Ghana

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