According to COPEC, the proposed fund would allow the government to import and store fuel when international prices are low, and release it onto the market when prices surge—helping to ease the burden on motorists and businesses.

The call follows COPEC’s latest projections, which show that petrol prices are expected to rise by about 3.38%, increasing from an average of GHS 12.18 per litre to GHS 12.59 per litre. Diesel prices are projected to jump by an even sharper 9.81%, from GHS 12.49 per litre to GHS 13.71 per litre.

Speaking to Citi News on Sunday, November 16, 2025, the Head of Research and Training at COPEC, Paul Ofori, stressed the need for a long-term mechanism to cushion consumers from global price shocks.

“We have advised the government to explore measures that can provide some level of security and help tame pump prices. Unfortunately, those proposals have not been taken up.

“We were hopeful that the government would consider setting up a special petroleum fund so that when international prices are favourable, some products can be imported and stored—and when prices rise, the government can release them onto the local market to ensure stability,” he said.