Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has called for stronger local refining capacity and increased allocation of Ghana’s crude oil to domestic refineries as part of measures to contain fuel prices in the long term.

According to him, reducing the price of petrol by between 30 and 40 pesewas per litre could also provide some relief to consumers amid projected increases in fuel prices.

His comments come as petrol and diesel prices are expected to rise from September 1, 2026, following increases in global crude oil and refined petroleum product prices.

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The Chamber of Oil Marketing Companies (COMAC) has projected a 4.80% increase in petrol prices and a 2.10% rise in diesel prices.

Based on the projection, petrol is expected to increase to GH¢16.39 per litre, while diesel could rise to GH¢17.60 per litre.

Speaking in an interview on Channel One TV on Monday, August 31, 2026, Amoah stressed the need for long-term measures to reduce Ghana’s dependence on imported refined petroleum products and its exposure to international market premiums.

He said strengthening local refining capacity and directing more of Ghana’s crude oil to local refineries could help reduce the pressure on fuel prices over time.

Amoah also welcomed the government’s decision to supply crude oil to local refineries, describing it as another measure that could help mitigate rising fuel costs.

He acknowledged the government’s recent intervention to cushion consumers, particularly the GH¢2 per litre reduction in the regulatory margin on diesel.

He, however, called for a similar intervention for petrol consumers.

“I am asking if the government can also look at some 30 to 40 pesewas reduction for the price of petrol, because as we speak, petrol is 16, diesel is 17,” he stated.

“I do think that maybe some amnesty could also be extended to those who buy petrol such that they could also feel some relief from the government,” he added.

Amoah described the government’s intervention as a demonstration of sensitivity to the difficulties facing consumers.

ANAS/MA

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