NPA responds to COPEC misleading 11 percent fuel price increase

by | Oct 20, 2016 | Business | 0 comments

The National Petroleum Authority (NPA) has called on the general public to ignore what they termed as misleading report churned out by the Chamber of Petroleum Consumers (COPEC) of Ghana.

In a statement issued on Monday, October 17, COPEC said that the price of diesel effective October 16, 2016 was reviewed upward between 8 and 11 percent. But the regulator in a statement issued in Accra said such information been speculated by COPEC has no bases and should be disregarded with seriousness.

It noted that an upward adjustment was made which hovered between 3 and 4 percent, and that there has never been any increase of 11 percent in the prices of fuel in the country.

The statement then encouraged consumers to check from the NPA website for accurate figures. “When in doubt, consumers and the media should check with NPA’s website or the bi-weekly publications of retail prices of OMCs published in the Daily Graphic, the Ghanaian Times, and the Gazette by the Assembly Press for accurate information on the retails of fuel by OMCs,” the statement said.


By: Nana Appiah Acquaye



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