Prime News Ghana

COPECGH tells government: reduce taxes on petroleum product as fuel prices up by 11%

By Clement Edward Kumsah
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The Chamber of Petroleum Consumers Ghana (COPECGH ) has stated that their checks indicate that fuel prices have increased between 3 to 11 percent at the various Bulk Oil Distribution Companies and Oil Marketing Companies ( OMCS ).

According to The Chamber of Petroleum Consumers Ghana (COPECGH )  The development is largely attributed to the sharp increases on the world market prices as the cedi has been relatively stable over the past two weeks.

In a statement signed by the Executive Secretary of COPEC-GH, Duncan Amoah is demanding government to review taxes on petroleum product to aid consumers fit in the market.

“We once again remind the government on the urgent need to review and reduce the levels of taxes on petroleum products as it has done for both aviation fuel and marine gas oil products recently. The pending OPEC meeting on the 2nd of November to among other things firm up decisions on levels of cuts for individual members serves a great deal of worry and concern to consumers in Ghana as any further increases on the world market prices only impacts directly on local pump prices.”

The statement also added that the Ghana standards authority (GSA) should review the current review it carried out after the public outrage on the dirty diesel research.