The Chamber of Petroleum Consumers (CoPEC) has announced that petroleum downstream stakeholders are in discussions with the government to explore sustainable measures for reducing fuel prices.
CoPEC’s Executive Secretary, Duncan Amoako, stated that while removing taxes to lower fuel prices may provide temporary relief, it is not a long-term solution.
He emphasized that the ongoing discussions focus on finding innovative strategies to ensure fuel prices remain stable and affordable.
” We are discussing within and, backroom some of the innovative ways to stabilize fuel price for Ghanaians. It cannot be the reactive or reactionary bit where we wait when things happen, then we quickly run to weather taxes or removing taxes. It’s not sustainable. So we are discussing and also suggesting to the government things that they need to do to make fuel prices just sustainable,”
“If I know that for the next six months, I’m paying 13 Ghana for fuel. It helps me plan. It helps businesses. It helps even the government itself in its contract negotiation. “
