{"id":112126,"date":"2026-01-22T05:37:00","date_gmt":"2026-01-22T05:37:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=112126"},"modified":"2026-01-22T05:37:00","modified_gmt":"2026-01-22T05:37:00","slug":"copec-accuses-industry-of-victimising-star-oil-over-fuel-price-stance","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=112126","title":{"rendered":"COPEC accuses industry of victimising Star Oil over fuel price stance"},"content":{"rendered":"
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The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has criticised what he describes as the unfair treatment of Star Oil Limited following the company\u2019s advocacy for fuel price reductions during peak periods.<\/p>\n

It argues that the episode exposes fundamental weaknesses in Ghana\u2019s petroleum pricing framework.<\/p>\n

Speaking on Citi FM on Wednesday, January 21, Mr Amoah said the controversy surrounding Star Oil\u2019s position highlights longstanding concerns about the petroleum price floor, which he has consistently opposed. He maintained that if any form of price control was necessary, it should have been a price ceiling rather than a floor.<\/p>\n

\u201cWe never needed a price floor. If there had to be any intervention at all, it should have been a price ceiling to deal with those charging excessively,\u201d he said.<\/p>\n

\u201cWhen you compare prices across oil marketing companies, the difference between the cheapest and the most expensive can be more than one Ghana cedi. Is the regulator suggesting that those charging significantly higher prices are right, while those proposing lower prices to benefit Ghanaians are the problem?\u201d<\/p>\n

Mr Amoah stressed that Star Oil\u2019s position was neither novel nor isolated, noting that COPEC had raised similar concerns as far back as 2024, when the price floor was first introduced.<\/p>\n

He described the backlash against the company as unjust and harmful to its corporate image.<\/p>\n

\u201cIn my view, Star Oil is being victimised for holding a position we clearly articulated from the very beginning of this price floor policy. The discussion around their position has not been fair to their brand,\u201d he added.<\/p>\n

His remarks come in the wake of Star Oil Limited\u2019s decision to suspend its membership of the Chamber of Oil Marketing Companies (COMAC) with immediate effect.<\/p>\n

In a statement issued on Wednesday, January 21, Star Oil said it was dissatisfied with what it termed COMAC\u2019s failure to fairly represent or adequately explain its position on abolishing the price floor, particularly during recent media engagements by the Chamber\u2019s leadership.<\/p>\n

The company argued that the lack of balanced communication had fuelled negative public perceptions, wrongly portraying its advocacy as being driven by anti-competitive or improper motives.<\/p>\n<\/div>\n

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\"COPECThe Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has criticised what he describes as the unfair treatment of Star Oil Limited following the company\u2019s advocacy for fuel price reductions during peak periods.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12,3309,2280,1969,1883,10,9,2327],"tags":[],"class_list":["post-112126","post","type-post","status-publish","format-standard","hentry","category-business","category-copec","category-fuel","category-hp-news-3","category-national","category-politics","category-popular","category-star-oil"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/112126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=112126"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/112126\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=112126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=112126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=112126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}