The Chamber of Petroleum Consumers has called on government authorities to establish a Special Petroleum Fund designed to buffer consumers against volatile international fuel markets. COPEC envisions the mechanism allowing officials to purchase and store petroleum products when global rates decline, then distribute reserves domestically during price surges to maintain stable pump costs for motorists and businesses.
The advocacy group projects petrol will increase 3.38 percent to reach GHS 12.59 per liter, while diesel faces a steeper 9.81 percent jump to GHS 13.71. Paul Ofori, who heads research and training at COPEC, expressed frustration that previous recommendations remain unimplemented despite recurring price shocks affecting the public.
The organization contends that strategic stockpiling during favorable market conditions would create predictable pricing patterns and prevent sudden financial strain on consumers who currently face unpredictable fluctuations at filling stations.
The advocacy group projects petrol will increase 3.38 percent to reach GHS 12.59 per liter, while diesel faces a steeper 9.81 percent jump to GHS 13.71. Paul Ofori, who heads research and training at COPEC, expressed frustration that previous recommendations remain unimplemented despite recurring price shocks affecting the public.
The organization contends that strategic stockpiling during favorable market conditions would create predictable pricing patterns and prevent sudden financial strain on consumers who currently face unpredictable fluctuations at filling stations.
