{"id":1160857,"date":"2022-07-28T10:38:57","date_gmt":"2022-07-28T10:38:57","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/07\/28\/fuel-prices-may-drop-from-august-1-copec\/"},"modified":"2022-07-28T10:38:57","modified_gmt":"2022-07-28T10:38:57","slug":"fuel-prices-may-drop-from-august-1-copec","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/07\/28\/fuel-prices-may-drop-from-august-1-copec\/","title":{"rendered":"Fuel prices may drop from August 1 \u2013 COPEC"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"455\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/05\/Fuel-696x455.jpg\"   alt=\"\" title=\"Fuel\"\/><figcaption class=\"wp-caption-text\">File photo<\/figcaption><\/figure>\n<\/div>\n<p>Prices of petroleum products may go down between 3% and 6% from August 1, 2022.<\/p>\n<p>According to the Chamber of Petroleum Consumers (COPEC), the expected reduction will have been bigger if not for the depreciation of the cedi.<\/p>\n<p>The drop in fuel prices will be the second consecutive time since oil prices started falling on the world market.<\/p>\n<p>\u201cWhat we picked from the market for the first window of August [2022] is an indication that prices at the pumps should have gone done significantly. The unfortunate thing at this point happens to be with the currency [cedi]. As I speak with you, over the two weeks window, the FX has seen some depreciation, from about \u00a28.30 to about \u00a28.90 pesewas currently,\u201d Chief Executive of COPEC, Duncan Amoah, disclosed.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>\u201cAnd so that could on its own erode the reductions that you and I could have seen at the various pumps,\u201d he added.<\/p>\n<p>Mr Amoah urged government to take a second look at the deregulation policy to cushion consumers against the high fuel prices.<\/p>\n<p>\u201cWe have said on a good number of occasions, that the earlier we take a second look at this whole regulation programme, the better it would be,\u201d he said.<\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"gUegpko2SZw\"><iframe loading=\"lazy\" title=\"Cocoa Sector: MPs tussle over which government handles issue better \u2013 Adom TV News (27-7-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/gUegpko2SZw?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>File photo Prices of petroleum products may go down between 3% and 6% from August 1, 2022. According to the Chamber of Petroleum Consumers (COPEC), the expected reduction will have been bigger if not for the depreciation of the cedi. The drop in fuel prices will be the second consecutive time since oil prices started [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1106861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[9255,3493,4974,599,601],"class_list":["post-1160857","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-august","tag-copec","tag-drop","tag-fuel","tag-prices"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1160857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1160857"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1160857\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1160857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1160857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1160857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}