Some oil advertising and marketing firms (OMC) have began lowering costs of gas on the pumps efficient March 18, 2025.
GOIL is now promoting a litre of petrol for GH₵14.99 whereas diesel goes for GH₵15.42.
Star Oil has diminished its value of petrol to GH₵14.37 and diesel GH₵15.67.
TotalEnergies has diminished the worth of a litre of petrol from GH₵15.79 to GH₵15.49
Diesel alternatively has additionally been diminished from GH₵15.79 to GH₵15.49.
COPEC sad with OMCs
Earlier, the Chamber of Petroleum Customers (COPEC) accused Oil Advertising and marketing Firms (OMCs) of intentionally exploiting customers by failing to implement the total extent of mandated gas value reductions.
Based on COPEC, petrol, diesel, and liquefied petroleum fuel (LPG) costs have been anticipated to drop by 4.5%, 3.8%, and three.9%, respectively, by March 16, 2025.
Nonetheless, whereas some firms have made minor changes, many haven’t met the anticipated reductions, leaving costs artificially excessive and irritating customers.
COPEC’s Govt Secretary, Duncan Amoah, condemned the OMCs’ actions, accusing them of undermining the deregulation programme.
“It is a worrying development that defeats the aim of deregulation. When gas costs rise, OMCs are fast to regulate, however when world benchmarks favour reductions, they delay. The best discount we’ve recorded thus far is barely 2.2%, whereas customers ought to have seen cuts between 3% and seven%. As of now, that has not occurred,” he acknowledged.
He urged the regulators to make sure that OMCs totally adjust to the anticipated value reductions to stop undue hardship on customers.
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