By: Ashiadey Dotse
The Chamber of Oil Marketing Companies (COMAC) is estimating an increase in the cost of petrol, diesel, and LPG at retail pumps.
At a press conference in Accra, the Chief Executive of COMAC, Dr. Riverson Oppong, announced that petrol prices could rise by 2%, diesel by 5%, and Liquefied Petroleum Gas (LPG) by just over 1%. This marks the first increase in fuel prices since February this year.
“Even before the Energy Sector Levy, which has now been suspended, our projections showed that prices at the pump were likely to go up,” Dr. Oppong stated. “We have considered all relevant factors, including the National Petroleum Authority’s price build-ups,” he added.
COMAC is also calling for a review of the regulations in the petroleum downstream sector to allow for more cost-effective operations.
