Gov’t’s ¢2 diesel relief is positive, but not sustainable – COPEC wants long-term fuel strategy

The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, says government’s decision to cushion diesel prices is a welcome move, but insists it falls short of addressing Ghana’s long-term fuel price challenges.

Mr Amoah argued that the country should prioritise building a strategic fuel reserve programme capable of reducing the impact of sudden price movements on the local market.

Government’s announcement of the ¢2 diesel cushioning followed fresh increases in petroleum prices, with the intervention aimed at easing the burden on commercial transport operators, businesses and consumers who depend heavily on diesel.