The Chamber of Petroleum Consumers, Ghana (COPEC), is warning of a demonstration, if nothing is done, about the current fuel prices by the end of the week.
This comes on the back of comments that petroleum prices at the pumps could rise from GH¢8.22 to GH¢10.00 per litre for diesel, and from GH¢8.22 to GH¢9.00 for petrol by Wednesday, March 16, 2022.
Executive Secretary for COPEC, Duncan Amoah, called on the government to put in measures to check the hike in the prices of fuel to prevent a demonstration.
“We want to give the authorities an ultimatum. By the close of the week, if we don’t hear anything concerning the reduction of fuel prices to reduce the burden on consumers as France has done by giving subsidies to their people, we will by Friday hit the street to demonstrate.”
According to them, the price increase in petroleum products can be blame on the poor performance of the cedi against the dollar as well as the rising cost of the product on the international market. Calls for the scrapping of some taxes on petroleum products can’t come earlier as the prices keep rising.
Read Statement from COPEC:
