COMAC renews call for full deregulation of fuel prices

The Chamber of Oil Marketing Companies (COMAC) has renewed calls for the full deregulation of fuel prices, arguing that continued government intervention is affecting the operations of private businesses in the downstream petroleum sector.

Dr Oppong questioned why the government should determine the prices private businesses charge when companies operate in a free market and rely on borrowed funds to finance their operations.

Dr Oppong maintained that a fully deregulated market would allow private sector operators to determine prices without excessive government intervention.