COPEC welcomes GH¢2 diesel subsidy but urges gov’t to pursue long-term fuel strategy

The Chamber of Petroleum Consumers (COPEC) has welcomed President John Dramani Mahama’s directive for government to absorb GH¢2 on every litre of diesel, describing the intervention as a positive move but cautioning against relying on short-term measures to manage fuel price increases.“A situation where the person driving a diesel engine is paying 19 Ghana cedis, approaching 20 Ghana cedis, whereas the one paying for petrol was paying about 14, 15 Ghana cedis—a variance of almost four Ghana cedis was quite significant,” he said.

According to him, while petrol prices were around GH¢14 to GH¢15 per litre, diesel prices had risen to about GH¢19 and were approaching GH¢20 per litre at some pumps.