The Chamber of Petroleum Consumers (COPEC) Ghana, is demanding a significant reduction in the prices of Liquefied. Petroleum Gas (LPG), after prices of some petroleum products dropped in the recent pricing window.
The Chamber’s call is coming at a time, prices of diesel and petrol went down by about 8 percent on January 1, 2023.
Prices of LPG remained unchanged. The LPG Marketers Association of Ghana has blamed the situation on high taxes.
Vice President of the LPG Marketers Association of Ghana Gabriel Kumi had earlier indicated prices of LPG will fall only when there is a cut in some taxes.
According to him, prices of LPG should not be determined by the demand and supply in the market but government should implement policies key to support players in the industry.
Executive Secretary of COPEC, Duncan Amoah said there is no justification for LPG prices to remain unchanged.
He said LPG should have seen the highest decline in terms of price per kilogram which should be around 20 percent in the past. He said he doesn’t think there is enough justification at this point that they are not going to reduce the price of LPG.
He added that, his outfit will soon be engaging the LPG Marketers for a possible reduction in the price of the product.
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