The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has called for the urgent restart of the Tema Oil Refinery (TOR) and the creation of a strategic national buffer stock of petroleum products to help stabilize fuel prices.
Speaking on TV3’s Business Focus on Monday, December 1, 2025, Amoah emphasized that reviving TOR’s operations alongside building a national buffer stock would ease fluctuations in local fuel prices. He warned, “Presently, without buffers, we are simply living dangerously, and I think the officials or authorities must begin to think outside the box.”
Amoah highlighted that TOR’s current condition appears promising but stressed the need for a sustainable plan, including buffer stock creation, cautioning that without this, initial price hikes could be followed by further increases.
This appeal comes amid a series of consecutive fuel price rises during recent pricing review periods, which continue to weigh heavily on consumers.
Story by: Mercy Addai Turkson #ahotoronline.com