Audio By Carbonatix
Ghanaians are paying more than 20% fuel levies every time they go to the pump to fill up their vehicles.
Many of them are very redundant and outdated and must be overhauled.
Globally, governments are throwing out fuel taxes to help alleviate some of the economic burdens facing their people. Which government is ready to give Ghanaians a break at the pump?
Some of the fuel levies Ghanaians are paying:
- Energy debt recovery levy
- Energy fund levy
- Price stabilisation & recovery levy
- Sanitation & pollution levy
- Special petroleum tax
- Unified petroleum pricing fund
- Road fund levy
- Fuel marking margin
- Bost margin
- Distribution compensation/promotions
Every time you fill up your vehicle with petrol you pay all these extra charges on top of the fuel. Ghanaians are being gouged at the pump with unnecessary levies.
What are the purposes of these levies that are literally adding fuel to the economic woes of Ghanaians?
Fuel taxes are supposed to be excise taxes imposed on the sale of fuel, typically petrol and diesel and are used to fund transportation infrastructure.
These taxes contribute to the Highway trust fund which supports road construction and maintenance - Road levy fund.
But what are all these nuisance levies? The government and especially politicians have a duty not only to explain them but also to account for them. To help Ghanaians understand what they are paying the next time they visit the pump.
-
The author, Benjamin Amponsah Mensah is a Chemical Engineer & an energy expert.
Latest Stories
-
Mahama reprimanded Baba Jamal – NDC says code of conduct is already working
49 minutes -
Description of conduct as ‘inappropriate’ is based on NDC’s constitution – Gbande on vote-buying claims
1 hour -
NDC can only reprimand, not prosecute – Gbande explains limits of party sanctions
2 hours -
Even talking about it is progress – NDC’s Gbande defends probe into vote-buying claims
2 hours -
PM asks Sir Jim Ratcliffe to apologise for saying UK ‘colonised by immigrants’
5 hours -
16 hours of daily use is ‘problematic,’ not addiction – Instagram boss
5 hours -
US House votes to overturn Trump’s tariffs on Canada
5 hours -
Dad unlawfully killed daughter in Texas shooting, coroner rules
5 hours -
Anas wins 7 – 0 as SC unanimously rejects attempts to reverse judgment in his favour
5 hours -
Trump tells Netanyahu Iran nuclear talks must continue
6 hours -
The cocoa conundrum: Why Ghana’s farmers are poor despite making the world’s best chocolate
6 hours -
Powerful cyclone kills at least 31 as it tears through Madagascar port
7 hours -
GoldBod summons 6 gold service providers over compliance exercise
7 hours -
Power disruption expected in parts of Accra West as ECG conducts maintenance
7 hours -
Police investigate alleged arson attack at Alpha Hour Church
8 hours
