The National Petroleum Authority (NPA) has introduced a new levy on Liquefied Petroleum Gas (LPG) effective April 1, 2020.
The new Cylinder Recovery Margin (CRM) will be GHp13.5 per kilogram for LPG.
In a circular to industry players, the NPA said it is also revising the Fuel Marking Margin from GHp3 to GHp4.5 per litre for fuel.
Meanwhile the Executive Secretary of The Chamber of Petroleum Consumers Ghana ( COPEC), Duncan Amoah has described the move by the NPA as illegal.
In an interview with JoyBusiness, Mr Amoah said, “this is very interesting, I do think the NPA itself doesn’t appreciate the illegality that it is actually engaged in currently. For you to introduce any form of levy, there is a legal regime that one must follow.”
“You need to go through the Finance Ministry, the Cabinet and to parliament for the appropriate committee to review; ask questions before it is passed to become law”
He added, “In Act 691 that establishes the NPA, the NPA has no mandate, power within the setup to impose a new levy of such magnitude without recourse to parliament”