Tag Archives: COPEC

The Chamber of Petroleum Consumers (COPEC) has accused  government of not taking steps to mitigate fuel prices in the country. COPEC is asking government to use the windfall revenue that it is accruing as an Oil Producing Country as international oil prices go up to cushion the petroleum importers and …

Prices of fuel have gone up at the pumps across the country because the Price Stabilization and Energy Recovery levy, which is a key component of the fuel price build-up, has been restored by the National Petroleum Authority (NPA) after it was suspended for about three months. The levy was …

The price of petrol is expected to increase by 3.7%, the Chamber of Petroleum Consumers (COPEC) has predicted. COPEC in a statement said Brent crude plunged by 10.7% to $73.45/barrel on 26 November 2021 and the OPEC Reference Basket (OPB) plunged by 6.9% to $76.09/barrel on the same date. According …

The Chamber of Petroleum Consumers has threatened legal action against the National Petroleum Authority (NPA) over a directive to oil marketers to increase fuel prices at the pumps. This directive according to COPEC is illegal and unconstitutional and must be reversed immediately else face court tomorrow. According to the chamber, …

The Chamber of Petroleum Consumers (COPEC) has petitioned the Speaker of Parliament over the proposed increase in components of the Energy Sector Levies (ESLA) which will lead to increase fuel prices. COPEC in its petition said the “current fuel price increase is coming at the wrong time.” The mid-year budget …