Audio By Carbonatix
The Chamber of Petroleum Consumers (COPEC) has urged Parliament to kick against government's plans to introduce Sanitation and Pollution Levy, which will charge 10 pesewas per litre of petrol/diesel.
The Executive Secretary of COPEC, Duncan Amoah, said Ghanaians were already paying too much for petroleum products and should not be overburdened with new fuel taxes.
In a media interview on Monday, Mr Amoah said Ghana was losing GHc1.9 billion annually through fuel smuggling because of loopholes in the petroleum value chain and urged the Government to plug those loopholes rather than introduce new fuel taxes.
He said fuel prices had increased by 17 per cent over the past two months from GHc4.7 per litre to GHc5.45.
He asked government to put the necessary measures in place to ensure the Tema Oil Refinery functioned efficiently so that petroleum products could be processed locally, which would go a long way to reduce the cost of fuel in the country.
Mr Amoah also called for a review of the Price Stabilisation and Recovery Levy since the purpose for its introduction was not being adhered to by government.
Meanwhile Nana Amoasi VII, the Executive Director of the Institute for Energy Security, has said 50 per cent of the prices of fuel were made up of taxes.
He said if the current increase in petroleum products continued, Ghanaians would be paying GHc40 per gallon of petrol by 2024.
During the presentation of the 2021 Budget Statement to Parliament on Friday, March 12, Mr Osei Kyei-Mensah-Bonsu, the Caretaker Finance Minister and Minister of Parliamentary Affairs, announced government's intention to charge 10 pesewas on a litre of petrol/diesel to manage sanitation and pollution challenges in the country.
A section of the public, however, has strongly kicked against the proposal.
Latest Stories
-
Belarus eyes Ghana for Africa expansion
4 minutes -
Belarus and Ghana establish Joint Trade and Economic Cooperation Committee
4 minutes -
Citizenship by investment in Ghana: Opportunity, risk, and the shape of a new economic citizenship
6 minutes -
Painful intercourse is common but treatable, couples must seek help early – Dr Ayertey
15 minutes -
A crime does not rot: What would reparations look like for African sovereignty?
31 minutes -
Argentina World Cup 2026 team guide
41 minutes -
Mahama lays wreath at Brest Hero Fortress, honours WWII fallen
44 minutes -
Algeria World Cup 2026 team guide
44 minutes -
Iraq World Cup 2026 team guide
48 minutes -
France World Cup 2026 team guide
55 minutes -
Norway World Cup 2026 team guide
58 minutes -
Senegal World Cup 2026 team guide
1 hour -
Government tightens grip on premix funds as accountability exercise tracks GH¢4.6 million
1 hour -
Malawians repatriated from South Africa amid xenophobia concerns
1 hour -
Karaga MP to send top 3 players for trials abroad
1 hour