Price floor stifles competition and inconveniences consumers – COPEC

Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has criticised the National Petroleum Authority’s (NPA) price floor policy, arguing that it stifles competition and ultimately hurts consumers.

Speaking on the AM Show, Mr Amoah said the introduction of a price barrier in a supposedly deregulated market only inconveniences the public and prevents natural market forces from working in favour of consumers.

Source: www.myjoyonline.com

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