Stabilize exchange rate to check impact on fuel import – COPEC to Gov’t – CitiTube

Stabilize exchange rate to check impact on fuel import – COPEC to Gov’t – CitiTube

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Printed on Jun 23, 2020

The Chamber of Petroleum Shoppers, COPEC, is warning that gasoline prices at the pumps would possibly simply run above 5 cedis in just a few days if measures are not place in space to stabilize the cedi in opposition to the buck. COPEC says the real depreciation of the cedi shot up the value of a litre of petrol to 65 pesewas.

A engaging tumble within the value of gasoline on the realm market seen the value of petrol hitting 4 cedis attributable to a change battle between Russia and Saudi Arabia, and the influence of COVID-19 pandemic.

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