{"id":1178897,"date":"2022-08-15T16:51:48","date_gmt":"2022-08-15T16:51:48","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/08\/15\/prices-of-petroleum-products-to-go-up-5-5-copec\/"},"modified":"2022-08-15T16:51:48","modified_gmt":"2022-08-15T16:51:48","slug":"prices-of-petroleum-products-to-go-up-5-5-copec","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/08\/15\/prices-of-petroleum-products-to-go-up-5-5-copec\/","title":{"rendered":"Prices of petroleum products to go up 5.5% \u2013 COPEC"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"392\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/04\/1651223143_660_WhatsApp-Image-2022-02-17-at-2.31.50-PM-696x392.jpeg\"   alt=\"\" title=\"fuel\"\/><\/div>\n<p>Prices of petroleum products at the pumps are likely to go up by 5.5% in spite of reduction on the world market, the Chamber of Petroleum Consumers (COPEC) has stated.<\/p>\n<p>Fuel prices on the international market have seen some marginal reductions over the past two-week period, but the sharp depreciation of the cedi on the local market will prevent a reduction on the local market.<\/p>\n<p>\u201cBetween the current first pricing window and the next fuel pricing window of the month August, which commences from tomorrow, 16 August 2022, crude oil price has seen a drop by 4.53% from $110.52 averagely to $105.51 per barrel, whilst that of finished products ( petrol and diesel ) have declined by an average of 7.5%.<\/p>\n<p>\u201cThe forex market has unfortunately however, been pretty turbulent over the period with the cedi depreciating steeply to close trading at about \u00a29.8313 per dollar,\u201d it explained.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>COPEC added that since there will not be any new tax rebate, the projected average prices of petrol and diesel would likely move from \u00a210.959\/liter to \u00a211.55\/liter with diesel moving from \u00a213.3\/liter to \u00a213.965\/liter.<\/p>\n<p>This will indicate about 5.5% price increase across board over the current price window.<\/p>\n<p>For LPG, it is expected to go up by 10.306% to sell at about \u00a29.58 per kilogramme.<\/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=\"EiR3ZnoL83E\"><iframe loading=\"lazy\" title=\"Wiyaala Accuses Shatta Wale&#039;s Team of Blocking Her Award On Stage In New York (15-8-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/EiR3ZnoL83E?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>Prices of petroleum products at the pumps are likely to go up by 5.5% in spite of reduction on the world market, the Chamber of Petroleum Consumers (COPEC) has stated. Fuel prices on the international market have seen some marginal reductions over the past two-week period, but the sharp depreciation of the cedi on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1070659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[3493,3408,601,2973],"class_list":["post-1178897","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-copec","tag-petroleum","tag-prices","tag-products"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1178897","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=1178897"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1178897\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1178897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1178897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1178897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}