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    AG files fresh charges in NAM 1 case, drops three year old trial 

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    Lil Win to contest Afigya Kwabre South parliamentary seat

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    The day that saw King Charles’ coronation also crowned Black Sherif king

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    5 Ghanaian artistes who still made huge impact after going solo – Reagan Mends writes

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    Dancehall artiste Rudebwoy Ranking reported dead

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Petrol prices to remain unchanged in October first pricing window – COPEC

Joynewsroom by Joynewsroom
October 2, 2023
in Education, General
0
Petrol prices to remain unchanged in October first pricing window – COPEC

Fuel Pump, Gas Station, Gasoline. Colorful Petrol pump filling nozzles isolated on white background , Gas station in a service in warm sunset. Head fuel vehicle refueling facility in Asia

Prices of petroleum products are likely to remain unchanged for the month of October.

According to projections from the Chamber of Petroleum Consumers (COPEC), there could be a one percent increase in the pumps, but oil marketing companies will not pass on the cost to consumers due to competition.

The Executive Secretary of COPEC, Duncan Amoah, attributed the price stability to the stability of the cedi and the stable price of oil on the international market.

“There have been some price variations as far as the international market pricing is concerned, and again, there has been some relative stability with the local currency over the last two weeks period.”

“The pump price could have reflected some 1% upward adjustment, but having spoken to a good number of oil marketing companies, we are confident that prices will remain at the current level, so it is not likely you will get an increase, it is unlikely there will be a reduction, and the OMCs are likely to maintain pump prices at the level that they currently sell for the first pricing window in the month of October.”

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