The Chamber of Petroleum Consumers (COPEC) has announced that fuel prices are likely to be reduced by Monday, November 14, 2022.
There has been a recent hike in fuel prices, including diesel and petrol. Diesel is currently selling for more than GH¢23, while the price of petrol is hovering around GH¢18.
But speaking to the research and pricing officer Mr Sampson Addae on PLAN B FM Morning Show NKOSUONSEM he told Ohene Addo, he explains that measures are being put in place to help subsidise the rising prices.
“We will be expecting diesel to drop from GH¢23 to somewhere around GH¢21.19, and the petrol will also drop from GH¢17.99 to somewhere GH¢17.10 or GH¢17.00.
“this reduction of fuel prices will not have any significant impact on transport fares because the reduction in not all that much, he added”
He, therefore, wants the government to minimize or scrap the petroleum taxes like Price stabilization and recovery Levy, Special Petroleum Tax, Pollution, and Sanitation Levy, Fuel Marker Margin, and BOST Margin can be scrapped to ease the pressure on citizens. He added
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