The Chamber of Petroleum Consumers (COPEC) has called on the government to intensify efforts to stabilize fuel prices and prevent excessive hikes that could adversely affect consumers and the economy.
Duncan Amoah, Executive Secretary of COPEC, expressed concerns over the persistent fluctuations in fuel prices during an interview with Citi Business News. He highlighted the three consecutive price increases earlier this year, which were only recently followed by a marginal reduction in the second pricing window of February.
According to Amoah, the recent price drop was influenced by declining global crude oil prices and other market factors. However, he stressed the importance of proactive measures to shield consumers from sharp increases in the future.
