The National Petroleum Authority (NPA) had asked the public to disregard reports of an eleven per cent increase in fuel prices
COPECGH had on Monday October 17 announced that fuel prices had gone up between three and 11 per cent in line with the fortnightly review of petroleum prices in the country.
The chamber added that “Diesel prices have seen an increase of between 8-11% on current ex pump prices while petrol prices have seen between 3-5% across most BDCs and OMCs though the figures are yet to reflect directly at the various pumps.”
But the NPA, in a statement on Tuesday October 18, denied the claims by COPECGH, and asked the public to ignore such information.
The NPA said: “The Authority encourages consumers and the media to check on the price boards of retail stations to determine the true prices of fuel on the market and not rely on data from any group of persons who purport to project fuel prices, which always turn out to be poor and inaccurate.
“When in doubt, consumers and the media should check with NPA’s website or the bi-weekly publications of retail prices of OMCs published in the Daily Graphic, the Ghanaian Times, and the Gazette by the Assembly Press for accurate information on the retails of fuel by OMCs.”
But in an interview, Mr Amoah said the NPA was only trying to mislead the public.
He said: “It would be surprising that the NPA, being a regulator, has no idea there have been increases in petroleum prices and is telling Ghanaians there have been no increases so people should discount reports…“Clearly the NPA has some mischief to play” he said.
He added that checks by the chamber at some fuel stations on Tuesday indicated that the increases were between three and six percent, which he said was firmly within the range of increase it had reported.
Mr Amoah said that only a week ago some BDCs were hoarding fuel because prices had gone up and they were losing as they were selling at the old prices.
“It was for such reason we said last week that the government should do something about taxes [on petroleum] and that if it failed to act, it would lead to something undesirable such as increase in the price of petroleum.
“And now that the [fuel] increases are here with us, it seems the NPA has now decided to throw dust into the eyes of Ghanaians and deny any news of the increase,” he told Accra FM.
“The regulator should at least be able to provide us with accurate figures,” the COPECGH boss added.