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
-
Government launches World Cup raffle to help fans support the Black Stars
1 minute -
“Adwumapa” Bundle: MTN Ghana’s game-changer for women-led SMEs
3 minutes -
Pan-African Lawyers back Ghana’s push for UN to declare transatlantic slavery ‘gravest crime against humanity’
6 minutes -
Third edition of MTN Ghana’s “SME Accelerate” launched
18 minutes -
UKGCC hosts 4th Corporate Sports Jamboree to promote networking and healthy living
22 minutes -
Ghana, UK deepen health ties following high-level talks
26 minutes -
Bosomtwe Girls to represent Ghana at U.S. robotics competition — Adutwum cites impact of targeted investment
28 minutes -
Ghana rose from 7th to 2nd in Africa on education rankings — Adutwum credits STEM drive
34 minutes -
Court to rule on legal objection in Abu Trica extradition case on March 25
36 minutes -
Deputy Health Minister swears in 28 advisory boards to strengthen health training institutions
49 minutes -
Mobile Money transactions hit GH¢447bn in February as digital payments surge
51 minutes -
From Theatre to Trial: Why audit reports must become dockets for prosecution
51 minutes -
Amandzeba opposes calls to incentivise highlife winners at TGMA
53 minutes -
Celebration or Tragedy? The deadly reality of indiscriminate gunfire in public spaces
57 minutes -
Parliament approves GH₵8.77bn DACF as MPs raise concerns over arrears and metro funding
57 minutes
