Fuel prices to increase - COPEC
The increment of fuel prices according to the Chamber of Petroleum Consumers - Ghana is as a result of the hike in prices of goods and services in such a COVID-19 era,
Jonas Danquah 
Prices of petroleum products are expected to spike, due to increased price on the world market, the Chamber of Petroleum Consumers-Ghana (COPEC-Ghana) has predicted.
The increment in fuel prices is likely to have a ripple effect on the prices of goods and services amidst a harsh economic impact due to COVID-19 infections.
An average of US$40 increment over a fortnight in benchmark crude oil prices per metric tonne has compelled marketers to adjust prices.
This implies a litre of petrol could go up from GHC 5.10 to GHC 5.24 pesewas on the average while diesel increases from about GHC 5.10 pesewas to GHC 5.25 on the average.
COPEC Ghana Executive Secretary Duncan Amoah in an interview with theghanareport.com said the OMCs have already factored it into the calibration of their metering system.
Therefore, it would “be difficult to absorb these escalation” in prices.
“It is quite likely that Ghanaians would have to pay more money for prices of fuel,” he stressed on Friday, February 5.
He said the rise was not caused by government and purely due to international price index.
However, he called on authorities to implement mechanisms to arrest the price fluctuations.
