Strategic fuel stock programme key to cushioning consumers from pump price hikes – COPEC
According to him, an effective strategic fuel stock programme would enable the country to purchase and store fuel when international prices fall, creating a buffer that could be used to stabilise domestic prices during periods of global market volatility.
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has called on government to establish a strategic fuel stock programme to protect consumers from recurring increases in fuel prices driven by international market volatility.
He urged the Ministries of Energy and Finance to prioritise both the strategic stock programme and the supply of locally produced crude oil to domestic refineries.
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