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 comes at a time where the prices of diesel and petrol went down by about 8 per cent on January 1, 2023.

However, prices of LPG remained unchanged. The LPG Marketers Association of Ghana has blamed the situation on high taxes.

But speaking to Joy Business, Executive Secretary of COPEC, Duncan Amoah, said there was 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 per cent 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 sup­porting players in the industry. —

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