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Reduce LPG prices now to reflect latest pricing window

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Reduce LPG prices now to reflect latest pricing window – COPEC tells marketers.

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 fell in the recent pricing window.

The Chamber’s call is coming at a time prices of diesel and petrol went down by about 8% on January 1, 2023.

However, prices of LPG remained unchanged. The LPG Marketers Association of Ghana has blamed the situation on high taxesBut speaking to Joy Business, Executive Secretary of COPEC, Duncan Amoah said there is no justification for LPG prices to remain unchanged.

“LPG should have seen the highest decline in terms of price per kilogram which should be around 20% in the past windows. We don’t think there is enough justification at this point that they are not going to reduce the price of LPG at this point”.

He added that his outfit will soon be engaging the LPG Marketers for a possible reduction in the price of the product.

“We will try to engage them forthwith to ensure that what is due the consumer now is not denied them simply because of the call for taxes to be reduced on LPG”.

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.

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