{"id":388987,"date":"2018-01-05T12:20:06","date_gmt":"2018-01-05T12:20:06","guid":{"rendered":"http:\/\/citifmonline.com\/?p=388987"},"modified":"2018-01-05T12:20:18","modified_gmt":"2018-01-05T12:20:18","slug":"fuel-prices-go-up-by-4-despite-npas-assurances-copec","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/01\/fuel-prices-go-up-by-4-despite-npas-assurances-copec\/","title":{"rendered":"Fuel prices go up by 4% despite NPA’s assurances – COPEC"},"content":{"rendered":"
The Chamber of Petroleum Consumers, Ghana (COPEC), has raised concern with the latest increase in fuel prices despite the National Petroleum Authority’s (NPA) assurances that prices would remain fairly stable for the month of January.<\/p>\n
In a statement, COPEC said it checks had revealed that there has been a 4 percent increase in fuel prices at some pumps.<\/p>\n
[contextly_sidebar id=”XZIsLV5PrrM2S6oyr5OXtXKadfS0zG0K”]”Fuel prices that used to trade at GHc4.490\/litre for both petrol and diesel, have seen an increase to GHc 4.670, a difference of about 18p or some 4.008% increases,” COPEC said.<\/p>\n
The Chamber called on the government to take a second look at the current price build up as it believes “these increases will continue for a very long time if nothing is done about the pricing template and the numerous taxes.”<\/p>\n
“These increases coming on the back of an earlier threat by the GPRTU on its intended transport fare increases will certainly put a lot of pressure on the consuming and commuting public,” it added.<\/p>\n
Activation of stabilization levy<\/strong><\/p>\n At the end of 2017,\u00a0the NPA\u00a0announced<\/a><\/strong> that prices of petrol and Liquefied Petroleum Gas (LPG) would remain fairly stable\u00a0at the pumps from January 1.<\/p>\n The Authority added that, it had activated the Price Stabilization and Recovery Levy to prevent the potential increase in the price of diesel.<\/p>\n