The Chamber of Petroleum Consumers (COPEC) has cautioned that fuel prices at the pumps across Ghana could see another upward review in the coming pricing window, driven primarily by fluctuations in international refined petroleum product prices and persistent pressure on the local currency.
Executive Secretary of COPEC Duncan Amoah stated that market indicators point to potential increases across major oil marketing companies, with both petrol and diesel expected to experience marginal hikes.
The projected price adjustment comes as international benchmark costs for finished petroleum products remain elevated, while the recent depreciation of the Ghana cedi against major foreign currencies, particularly the US dollar, continues to drive up landing costs for bulk importers.
Amoah noted that the reduction or withdrawal of promotional discounts previously offered by several major retail outlets has further exposed consumers to full market pricing at retail pumps nationwide.
Calling for policy intervention to mitigate the impact on commercial transport operators and households, the consumer advocacy group urged the government to consider reviewing statutory energy levies and taxes to help stabilize pump prices and prevent further inflationary pressure on the broader economy.
