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Fuel price might increase by 3.7% this month – COPEC predicts

 

The Chamber of Petroleum Consumers (COPEC) has indicated that costs of petroleum and diesel are relied upon to go up this month.

As indicated by COPEC, costs of the items might increase 3.7% and 2.5% separately, in the first Pricing Window of January 2022.

In ostensible terms, COPEC demanded that ex-siphon costs of petroleum and diesel are relied upon to increment by 24 and 17 pesewas, separately.

Costs of fuel items have over the period flooded because of the augmentation in raw petroleum costs on the global market, expansion and the devaluation of the Ghana cedi.

With a normal change of the cost of fuel items in the main evaluating window of January, COPEC in a press proclamation uncovered that shoppers ought to plan to pay more for a similar item.

COPEC declared that assuming the public authority suspends the focusing of the Price Stabilization Recovery Levy on fuel items, then, at that point, ex-siphon costs could flood by something like 34 pesewas.

It, in any case, said a portion of the OMCs may not expand the costs of their items.

"The ex-siphon costs of petroleum and diesel are relied upon to flood up by 3.7% and 2.5% separately. In ordinary terms, ex-siphon costs of petroleum and diesel are relied upon to increment by 24 pesewas amnd17 pesewas individually. The normal flood for the two items in ordinary terms is 20 pesewas addressing 3.1%."

"Some OMCs could build their items not exactly the 20 pesewas increment because of rivalry."

Find here an assertion from COPEC on this issue.

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