COPEC Rings the Alarm! Calls for Special Petroleum Fund as Fuel Prices Set to Jump
The Chamber of Petroleum customers, Ghana (COPEC) has asked the government to set up a Special Petroleum Fund to assist keep gasoline prices stable and protect customers when the world market is not doing well.
The proposed fund, according to COPEC, would let the government buy and stockpile gasoline while costs are low throughout the world and then sell it when prices go up, which would aid drivers and companies. The call comes after COPEC’s most recent estimates, which say that the price of gas would go up by around 3.38%, from an average of GHS 12.18 per liter to GHS 12.59 per liter. Diesel prices are expected to rise even more, by 9.81%, from GHS 12.49 per liter to GHS 13.71 per liter. Paul Ofori, the Head of Research and Training at COPEC, told Citi News on Sunday, November 16, 2025, that there has to be a long-term way to protect consumers against price shocks throughout the world. “We’ve told the government to look into ways to make things safer and bring down gas prices.” Sadly, their ideas have not been put into action.
“We were hopeful that the government would think about creating a special petroleum fund so that some products can be imported and stored when international prices are good. When prices go up, the government can release them onto the local market to keep things stable,” he added.
