The Ministry of Energy and Green Transition has confirmed the suspension of the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), which was set to introduce additional charges of GH₵1 on petrol and diesel, and 20 pesewas on liquefied petroleum gas (LPG).

The decision, according to the Ministry, is largely influenced by recent spikes in global oil prices and the need to cushion consumers against rising fuel costs.

Speaking in an interview with Channel One TV on Saturday, 14 June, Richmond Rockson, Spokesperson and Head of Communication at the Ministry, explained that the government’s decision is a strategic response to current market volatility.

“I can confirm that the government of Ghana, as issued by the GRA, has postponed the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141). This levy is what has introduced GH₵1 on petrol, GH₵1 on diesel, and 20 pesewas on gas. So, yes, I can give you that confirmation,” he stated.

Mr Rockson attributed the deferment to a combination of domestic and international factors, including efforts to stabilise the cedi and the government’s broader objective to shield citizens from sudden fuel price surges.

“From February till date, a windfall was experienced on the fuel market as a result of the prudent management of the exchange rates, which has brought fuel prices from an average of GH₵17 to an average of GH₵11 or GH₵12, depending on which Oil Marketing Company (OMC) you buy from,” he said.

He also pointed to recent geopolitical developments that have affected oil prices globally.

“In fact, the last three days, if you check crude oil prices on the international market, it moved from $60 to $74, and this is the highest we’ve seen in the past five months. This has also caused some disruptions in our pricing module,” Rockson noted.

To manage the unfolding situation, the government has directed key ministries to remain vigilant.

“The President has directed the Ministers of Energy and Finance to keep monitoring the situation. So, they will keep monitoring, and as and when the factors look favourable, definitely, a new date will be announced,” he assured.