Chamber of Petroleum Consumers (COPEC) — advocacy organization that comments on fuel pricing policy and calls for strategic fuel reserves to address Ghana's price volatility.
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, says government’s decision to cushion diesel prices is a welcome move, but insists it falls short of addressing Ghana’s long-term fuel price challenges. …
The Chamber of Petroleum Consumers (COPEC) has cautioned that while government intervention to reduce fuel prices may provide short-term relief, such measures are unlikely to be fiscally sustainable if relied upon repeatedly. …
The Chamber of Petroleum Consumers (COPEC) has urged government to prioritise the establishment of a strategic fuel reserve system rather than relying on periodic interventions to cushion consumers against rising petroleum prices. …
The Chamber of Petroleum Consumers (COPEC) has welcomed President John Dramani Mahama’s directive for government to absorb GH¢2 on every litre of diesel, describing the intervention as a positive move but cautioning against relying on short-term measures to manage fuel price incr …
… However, when Brent crude fell from US$78 to US$71.90 in the previous pricing window, pump prices still increased because the NPA’s price floor prevented prices from falling.” He noted that the Chamber of Petroleum Consumers (COPEC) had also questioned whether the price floor mec …
… The expected review comes at a time when the Chamber of Petroleum Consumers (COPEC) had projected that fuel prices could go up by some significant margin from the beginning of next month August 1, 2026. …
The Chamber of Petroleum Consumers (COPEC) has warned that fuel prices in Ghana could increase further this week as international crude oil and refined petroleum product prices continue to climb. …
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has called on government to establish a strategic fuel stock programme to protect consumers from recurring increases in fuel prices driven by international market volatility. …
… The expected review comes at a time when the Chamber of Petroleum Consumers had projected that fuel prices would rather decline despite rising crude oil prices on the international market. …
… This is according to projections by the Chamber of Petroleum Consumers (COPEC), as its Executive Secretary, Duncan Amoah, says consumers should see relief across petrol, diesel and LPG in the first pricing window of July. …
The Executive Secretary of the Chamber of Petroleum Consumers welcomes government's ¢2-per-litre diesel intervention as relief but says it is not sustainable. He argues Ghana needs a permanent mechanism and strategic fuel reserve programme to address long-term fuel price challenges rather than relying on periodic interventions.
The Executive Secretary of the Chamber of Petroleum Consumers welcomes government's ¢2-per-litre diesel intervention as relief but says it is not sustainable. He argues Ghana needs a permanent mechanism and strategic fuel reserve programme to address long-term fuel price challenges rather than relying on periodic interventions.
The Chamber of Petroleum Consumers cautions that while the government's temporary GH¢2.00-per-litre reduction in the regulatory margin on diesel provides short-term relief, such interventions are unlikely to be fiscally sustainable if repeated. The measure, approved by President Mahama effective August 4, is intended to cushion consumers and businesses against rising fuel prices and protect broader economic objectives.
The Chamber of Petroleum Consumers has urged government to establish a strategic fuel reserve system instead of relying on periodic pump price interventions. COPEC argues that such a programme would allow Ghana to purchase and store petroleum products when international prices are favourable, providing a more sustainable response to price volatility without sacrificing tax revenue.
The Chamber of Petroleum Consumers has welcomed President Mahama's directive for government to absorb GH¢2 on every litre of diesel as a necessary intervention following sharp price rises, but cautioned that relying on short-term measures risks leaving the underlying fuel price problem unresolved.
Akuapem North MP Sammi Awuku has criticised the government over the latest fuel price increases, questioning why the Price Stabilisation and Recovery Levy has not cushioned consumers against price shocks and arguing that the current pricing mechanism lacks effectiveness.
The National Petroleum Authority has released the price floor for August 1–15, 2026, with petrol increasing to GH¢14.53 per litre (up from GH¢13.28) and diesel rising to GH¢16.97 per litre (from GH¢14.35). LPG will sell at GH¢11.06, and the NPA has instructed petroleum marketers not to sell below these approved floors.
COPEC warns that fuel prices in Ghana could increase again this week as international crude oil and refined petroleum prices continue to climb, with petrol selling at GH₵14.5 per litre and diesel nearing GH₵18.
The Chamber of Petroleum Consumers has called on government to establish a strategic fuel stock programme to protect consumers from fuel price hikes driven by international market volatility, arguing Ghana's reliance on imported refined petroleum leaves it vulnerable as a price taker in global markets.
Ghana's National Petroleum Authority has increased the price floor for petroleum products effective July 16, 2026: petrol rises from GH¢ 12.79 to GH¢ 13.28 per litre, and diesel from GH¢ 13.54 to GH¢ 14.35 per litre. Oil marketing companies are prohibited from selling below these approved floors.
Global crude prices have fallen 19.69% to $78.16/barrel and the cedi has appreciated 3.14% against the US dollar, prompting COPEC to project significant declines in petrol, diesel, and LPG prices from July 1, 2026.