The Chamber of Petroleum Consumers (COPEC) has accused Oil Marketing Companies (OMCs) of deliberately exploiting consumers by failing to implement the full extent of mandated fuel price reductions.

According to COPEC, petrol, diesel, and liquefied petroleum gas (LPG) prices were expected to drop by 4.5%, 3.8%, and 3.9%, respectively, by March 16, 2025.

However, while some companies have made minor adjustments, many have not met the expected reductions, leaving prices artificially high and frustrating consumers.

COPEC's Executive Secretary, Duncan Amoah, condemned the OMCs' actions, accusing them of undermining the deregulation programme. "This is a worrying trend that defeats the purpose of deregulation.