COPEC: Rising Fuel Prices Could Trigger Talks on Possible Removal of Some Fuel Taxes
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, says the second fuel pricing window opening on Monday, March 16, could trigger discussions about the possible removal of some taxes on fuel at the pumps.
Speaking on Channel One Newsroom on Sunday, March 15, 2026, Mr. Amoah indicated that the government is closely monitoring developments in the petroleum sector and may consider adjusting or removing certain fuel taxes to reduce pressure on oil marketing companies (OMCs).
“I am aware that the government has been in discussions with some petroleum service providers. The threshold has been GH¢15. So, if we wake up tomorrow and the OMCs are selling fuel at GH¢15 or beyond, be assured that the conversation about the taxes will kick in, particularly the GH¢1 fuel levy,” he said.
His remarks come at a time of heightened tensions in the Middle East, which have disrupted global fuel supply chains and contributed to rising crude oil prices on the international market.
Industry analysts warn that the increase in global oil prices, coupled with potential supply constraints, could push domestic fuel prices even higher in the coming weeks.
Such increases could also have wider economic effects, including possible rises in transport fares and increased pressure on household budgets across the country.
