COPEC details factors for increment and impact on consumers

Consumers of petroleum products in the country will be feeling the impact of recent fuel price hikes in the second pricing window of March 2022. The phenomenon has been attributed to the cedi’s decline against major trading currencies and ongoing tensions between Russia and Ukraine. But is this the case for Ghana, as prices of petroleum products have been surging since the start of the year? On this edition of BizTech, we unravel the factors that determine fuel prices hikes and its impact on consumers with the Executive Secretary for the Chamber of Petroleum Consumers (COPEC), Duncan Amoah.