Arise Ghana, a pressure group today, Wednesday, May 25, 2022 staged a press conference to address the deploring living conditions under the Akufo-Addo led government. The press conference saw a number of political parties like the GCPP, CPP, PNC, NDC, Drivers Union, COPEC, University students, CSOs etc.
Mr Samson Addai is the Director of Pricing and Research Department, Chamber of Petroleum Consumers Ghana(COPEC) has stated the petro and disel has increased by 5% and 7% respectively. He disclosed that, per the increment currently, petrol now sold at Gh¢11.59p per litre and disel Gh¢14.69p meaning gallon for petrol is Gh¢52.50p and disel Gh¢65.55p.
The head of COPEC Mr Benjamine Nsiah drops good news to Ghanaians on UTV when he was speaking on the Critical Issues today 19th March 2022. Mr Benjamin Nsiah made it clear that as far as fuel prices is concern, Ghanaians will smile very soon because the price is going to drop in the days ahead.
Yesterday COPEC released a statement telling how fuel prices will be increased. In the statement released they cited the high prices of oil that has shot up as a result of the Ukraine Russia war. Well, today, Wednesday, March 16, 2022 some Fuel companies have made the new prices reflect on their stands.
The economy of Ghana keeps sinking and the people are calling on the government to do something about it. Especially taxes and commodities which keep increasing everyday. Fuel price is another challenge the country is facing, according to the report from the Chamber of Petroleum Consumers (COPEC) the price of fuel keeps going higher because of the war between Russia and Ukraine.
COPEC has indicated that the fuel prices will be increased by 2ghs effective Wednesday, 16th March,2022. According to COPEC, the current fuel prices of 8.29 is currently subsidized by the Oil marketing companies . COPEC has stated that ,they are even surprised about how the Oil Marketing Companies currently manage the discount of about 70pesewas per litre .
Kindly follow JUKELAFRICA for more updates by clicking on the +follow button to receive more . COPEC has indicated that the fuel prices will be increased by 2ghs effective Today ,Wednesday, 16th March,2022. According to COPEC, the current fuel prices of 8.29 is currently subsidized by the Oil marketing companies .
The president of IMANI Ghana Franklin Cudjoe has revealed the price of fuel will keep increasing globally and Ghana will be affected. Though Ghanaians are already crying about the current price of the fuel per litre and another increment is coming per COPEC analysis. According to Franklin Cudjoe, the fuel price has increased globally because of the recent battle between the Russia and Ukraine.
Costs of oil-based commodities might go down somewhere in the range of 3% to 6% from August 1, 2022. As indicated by the Chamber of Petroleum Consumers (COPEC), the normal decrease will have been greater notwithstanding the devaluation of the cedi. The drop in fuel costs will be the second back-to-back since oil costs began falling on the world market.
Photo Credit: ghanaweb.com After the release of the fuel reduction amount by the Finance Minister, Ken Ofori-Atta, a lot of individuals have shown disappointment. This hurt from individuals and organizations came as a shock due to the information given to them earlier. It was earlier identified that, the Finance Minister was in conversation with stakeholders on the measures to be used to harmonize the economic hazard in the country.
Petroleum, diesel costs to go up hardly from May 1; LPG to drop by 2% However peripheral, LPG costs are supposed to decline without precedent for months However minor, LPG costs are supposed to decline without precedent for months Petroleum and diesel costs are supposed to go up barely at the siphons in the main estimating window starting May 1 until May 15, this year.
The state of Ghana's economy keeps on worsening by the day and it looks like nothing is being done about it as it is getting out of hand. Fuel prices are increasing and this is happening not only in Ghana but other parts of the world as well.
You Can't Keep On Establishing Your Processing Plant And Purchase From Unfamiliar Treatment Facility
The Office of Oil Purchasers Ghana (COPEC Ghana) has approached the government to find ways to resuscitate the Tema Petroleum Treatment facility and end the importation of fuel from European nations. Chief Secretary of the Chamber, Mr Duncan Amoah, talking on JoyNews' AM Show on Thursday, said it is inadmissible that the Tema Petroleum Processing plant (Pinnacle) has been inactive and the government keeps on purchasing fuel from an unfamiliar treatment facility.
The Chamber of Petroleum Consumers, Ghana (COPEC), threatened to embark on strike if nothing is done to reduce persistent hikes in petroleum prices. They said they are expecting the government to check the hike in Fuel prices to prevent demonstrating in the country. “We want to give the authorities an ultimatum.
The Chamber of Petroleum Consumers Ghana, COPEC have stated in their report that starting Wednesday, the 16th of March, 2022, the price of petrol per litre will increase to Ghc9 and a litre of diesel will also increase to Ghc10. Their prediction was based on the rise in price of crude oil per barrel on the international market and the depreciating value of the cedi against the dollar.
Ghanaians will soon be buying diesel and petrol at GHc10 and GHc9 per liter at the pumps from Wednesday, 16 March 2022, the Chamber of Petroleum Consumers Ghana (COPEC) has projected. COPEC put the impending surge on rising crude costs on the international market, as well as the cedi's depreciation against the US dollar and other main trade currencies, in a statement.
The Executive Secretary for the Chamber of Petroleum Consumers Ghana (COPEC), Duncan Amoah has forecasted that the price of fuel per litre is likely to be increased to Ghc 9.00 before the month of March ends. According to Duncan Amoah, the hike in the prices of fuel is as a result the drastic depreciation of the Ghana cedi and Russia’s invasion of Ukraine which has affected the international market.
Fuel costs are probably going to up before very long following a flood in costs of completed oil based goods and unrefined on the worldwide market, examiners have anticipated. In discrete examination of the May 2022 First Evaluating Window (May 1 to May 15, 2022), the Office of Petrol Shoppers (COPEC) and the Establishment for Energy Security (IES) extended that costs of petroleum, diesel and Melted Petrol Gas (LPG) would record a minimal increment on the neighborhood market this week.
The 2021–2022 global energy shortage is the most recent in a series of cyclical energy shortages experienced over the last fifty years. It is more acutely affecting countries such as the United Kingdom and China, among others. The Chamber for Petroleum Consumers (COPEC) has predicted a rise in fuel prices at the various pumps on Wednesday, March 16, 2022.
Ghanaian rap music performer Sarkodie has taken to his social media page to lament over the current price of fuel in Ghana. The "No Pressure" singer on his microblog page (Twitter) has said that he will remain indoors when he returns from the United Kingdom due to the unimaginable prices of fuel.