Fuel prices to go up July 1 – COPEC

The Chamber for Petroleum Consumers (COPEC) has projected an increase in fuel prices in early July 2024.

The retail prices of petrol, diesel, and liquefied petroleum gas (LPG) are expected to rise due to the weakening Cedi against the Dollar.

Petrol prices may increase by 2.17%, reaching GH¢15.20 per litre, while diesel may rise to GH¢15.21 per litre. LPG is expected to sell between GH¢13.24 and GH¢14.64 per kg.

COPEC urges the government to reduce LPG taxes or subsidize prices to encourage usage and reduce environmental damage. Additionally, COPEC calls for the revitalization of the Tema Oil Refinery to minimize fuel importation.